798 NW 5th St - Storefront FOR SALE


Redmond, OR 97756
$3,500,000 USD
541-419-2634
798 NW 5th St, Redmond, OR for Sale
$3,500,000 USD
Storefront - FOR SALE
1/14
null | Request Cap Rate

798 NW 5th St
Redmond, OR 97756


HIGHLIGHTS

  • Building includes two retail storefronts totaling 10,351 SF, which can be combined by removing the existing demising wall, plus 3,510 SF of warehouse
  • Pylon signage available on 5th Street
  • High visibility location with traffic counts over 9,500 AADT (2023)
  • Great access, visibility and parking
  • New 47-unit residential development recently constructed just south of the property

OVERVIEW

Retail investment opportunity at 798 NW 5th Street in Redmond, Oregon, featuring a 14,229 SF building on 0.93 acres. The property includes two retail storefronts totaling 10,351 SF, consisting of 7,944 SF and 2,407 SF areas that can be combined by removing the existing demising wall, plus 3,510 SF of warehouse space with a 14 ft. roll-up door and 368 SF of restrooms. Built in 1963 and remodeled in 2023, the property is zoned Central Business (C2) and provides 49 shared onsite surface parking spaces. Additional features include a fenced yard, pylon signage on 5th Street, traffic counts exceeding 9,500 AADT as of 2023, and a recently constructed 47-unit residential development just south of the property.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Owner-User/ Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Supermarket, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C2

APN/PARCEL ID

122611

ASK ABOUT THIS PROPERTY

Russell HuntamerCompass Commercial Real Estate ServicesMore Info
541-419-2634

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Russell HuntamerCompass Commercial Real Estate ServicesMore Info
541-419-2634

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.