Property Address: 15 Ne 7th St, Madras, OR, 97741-1754
Average square foot calculated using Size range provided by listing agent.
Description
Many possibilities for this C2-zoned property in central Madras conveniently located across from a community park while only two blocks from main street. The mixed-use zoning allows for a live/work opportunity while being in the urban renewal district enhances potential renovation/restoration opportunities with the city. Per city discussions, the property has potential for conversion into residential use following city codes - buyer to confirm. The 1, 000sqft. Building is on a corner lot with its own parking area. Subject to tenant lease; on a 1-year lease of $1, 000/month. Seller has the right to do a 1031 tax-deferred exchange at no cost to the buyer.