4875 N Hwy 97Redmond, OR97756

$620,000
1 total units
1578 sq. ft
4.60 acres
Zoning: EFUTE
395 days on market
Tour

VestorFilter™

Price per ft²$392.90/ft²
Recent price drop$75,000
Price per acre$134.8K/ac
Time on market395 days

Property Description

Investment opportunity with approx. 1,350ft of highway frontage and a high-volume car count every day! Four tax lots totaling 4.6 acres at prime North Highway 97 location close to towns of Redmond and Terrebonne. Substantial commercial and residential growth on the north end with potential for more growth. Fantastic setting with views of Smith Rock. Currently grandfathered in for use as a car lot. Property includes a 3 bed, 1 bath stick-built single-story home; 30'x60' body shop; 400sqft. show room garage; and a sales office with two office spaces. Great work from home opportunity - house has tons of vintage character and history including a large fireplace in the primary bedroom. Both the living space and bedrooms are sizeable and the plumbing has been updated. Tons of potential for this high visibility property - qualified buyers only. Buyers to do all due diligence for said property on specific uses.

Financial Data

Price ChangeDropped $75,000 on 06/07/2023
Total $129,000 drop
Original Price$749,000
Current Price$620,000
Property Taxes$3,996

Find On Map

Home Facts

StatusActive
Year Built1952
MLS ID220161373