High Profile Redmond Commercial Site
Retail
Marketing description
High profile commercial site in fast-growing Redmond, Oregon. This 4.01-acre parcel abuts Highway 97 serving as a central hub for the region. This site is great for hotels, multifamily, retail, medical, RV and auto sales, and more. The level site has great visibility with utilities in the street and much of the due diligence work has already been completed.
It is centrally located to service the region. US Hwy 97 is a major north-south transportation corridor beginning in Northern California running the length of Oregon and Washington, and continuing on into Canada.
The subject property abuts Highway 97 at Redmond, Oregon. This segment is a four-lane divided highway with traffic counts estimated at 24,100 AADT (ODOT 2017). There are major on/off ramps just north of subject property and right only entry just to the south of the subject.
The property is centrally located to service all the Central Oregon communities of Redmond, Bend, Prineville, Madras, and Sisters.
Investment highlights
- High profile/high visibility commercial lot
- Located in the heart of Redmond’s northern retail center adjacent to Walmart, Home Depot and Hwy 97
- Utilities are to the site
- COI irrigation canal provides a seasonal water amenity for the site
- Panoramic Cascade Mountain views
- Potential uses include: small box retail; motels; restaurants; medical and other office; auto; RV; equipment sales; high density residential, and other specialized uses
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