Views - Seller Financing
Address
646 Sw Palmain Place, Madras, OR
Price
$ 1,200,000
Property Attributes
- MLS#220222112
- TypeCommercial
- Listing Status Active
- CountyJefferson
- CityMadras
- AreaNot Applicable
- Zip97741
- Style
- Year Built1955
- Taxes$ 3990
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4340
- Lot Size0.14 Acres
Data Source:
MLS of Central Oregon (MLSCO)
Property Description
Single Tenant. Absolute net lease with a 6.5% Cap Rate. Established Auto Parts tenant with great frontage and signage on 5th street in Madras. Adjacent .35 Acre lot also included in sale (TL 111311DA08700), total land .49 Acres.
| Price History | |
|---|---|
| 5/26/2026 | Listed $1,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Central Air |
| Roof | Membrane |
| Construction Materials | Block,Concrete,Frame |
| Year Built | 1955 |
| Tenant Pays | Common Area Maintenance,Electricity,Exterior Maintenance,Gas,Insurance,Interior Maintenance,Janitorial Service,Repairs,Sewer,Taxes,Water |
| View | City |
| Levels | One |
| Tax Year | 2025 |
| Additional Parcels Description | Tax Lot 111311DA08700 (.35 Acre) |
| County | Jefferson |
| Net Operating Income | 78000 |
| New Construction | false |
| Property Type | Commercial Sale |
| Attached Garage | false |
| Status | Active |
| Directions | North from Bend towards Madras then North on 5th, property will be on your left. |
| City | Madras |
| Zoning Description | C3 |
| Number Of Units Total | 1 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6098.4 |
| Tax Annual Amount | 3990.79 |
| Additional Parcels Y/N | true |
| Structure Type | Retail |
| Standard Status | Active |
| Cap Rate | 6.5 |
| Sewer_co_Public_sp_Sewer | true |
| Utilities_co_Cable_sp_Available | true |
Interior Features
| Basement | None |
|---|---|
| Flooring | Concrete |
| Common Walls | 1 Common Wall |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Parking Features | On Street,Parking Lot |
|---|---|
| Lot Features | Level |
| Water Source | Public |
| Lot Size Area | 0.14 |
| Foundation Details | Slab |
| Building Area Total | 4340 |
| Lot Size Acres | 0.14 |
| Road Frontage Type | Shared Access |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 97741
Price
Taxes
Year Built
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Mariposa Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 22, 2026 6:40 PM UTC Some properties which appear for sale on this website may subsequently have sold or may
