780 SW 4th StreetMadras, OR97741

$1,325,000
1 total units
2760 sq. ft
0.80 acres
Zoning: C3
461 days on market

VestorFilter™

Price per ft²$480.07/ft²
Recent price drop$200,000
Price per acre$1.66M/ac
Time on market461 days

Property Description

Great business and commercial real estate investment opportunity. Excellent highway frontage location. Large corner lot. Over 10,000 cars pass by daily. Central Organics cannabis dispensary has been owner-operated for 8 years and continues to thrive and produce steady revenue. The business is fully staffed and turn key, ready to continue operating. Central Organics has a great local customer base and boasts a large parking lot as well as an outdoor stage for hosting events. Inside you will find a friendly staff and the largest sales floor that the Madras cannabis scene has to offer. The commercial real estate is a great investment opportunity as well. It is 0.8 acres and has potential development opportunity with the new zoning ordinance that passed in Madras in summer of 2022. Buyer to due own due diligence on zoning requirements. Seller is a licensed Oregon Broker.

Financial Data

Price ChangeDropped $200,000 on 04/10/2023
Total $200,000 drop
Original Price$1,525,000
Current Price$1,325,000
Property Taxes$3,482

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Home Facts

StatusActive
Year Built1950
MLS ID220158257