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314 SW 5th Street

Redmond, OR 97756
  • $950,000
  • STATUS: Active
  • ON SITE: 153 Days
  • MLS #: 220171614
UPDATED: 50 min ago
$950,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,800
    SQFT
  • $122
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Listing provided courtesy of Jeff Larkin Realty :jeff@jefflarkinrealty.com.

Description

Ideal location and established tenant. Long term popular restaurant investment opportunity in downtown Redmond! With 10 years at this location, current tenant is finishing a second 5 year term (extension thru June 2024), third 5 year term recently renewed. Lease is triple net. Outdoor dining, on site parking, full service bar and lottery, banquet room.

Monthly Payment Calculator

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Invest in Bend Real Estate Team are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Invest in Bend Real Estate Team. Data last updated: .2024-02-23T21:46:55.167
www.investinbend.com/homes/143626206
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314 SW 5th Street Redmond, OR 97756

  • Price: $950,000
  • Status: Active
  • On Site: 153 Days
  • Updated: 50 min ago
  • MLS #: 220171614
0
Beds
0
Baths
0
½ Baths
0.12
Acres
7,800
SQFT
$122
$/SQFT
1940
Built
Neighborhood:
Townsite Of Redmond
County:
Deschutes
Area:
Redmond
Property Description
Ideal location and established tenant. Long term popular restaurant investment opportunity in downtown Redmond! With 10 years at this location, current tenant is finishing a second 5 year term (extension thru June 2024), third 5 year term recently renewed. Lease is triple net. Outdoor dining, on site parking, full service bar and lottery, banquet room.
Exterior Features

Construction Materials Frame Exterior Features Deck Foundation Details BlockConcrete PerimeterStemwall Levels Two Lot Features Corner LotLandscaped Parking Details Numberof Parking Spaces 12 Parking Details Parking Yes Parking Features Alley AccessAsphaltOtherParking Lot Roof Built-UpComposition

Interior Features

Additional Features ADA ComplyKitchenOffice Space Basement Exterior EntryPartial Cooling Central Air Flooring CarpetLaminateTile Heating ElectricForced AirNatural Gas Security Features Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s) Unit1 Rent Escalators Yes Unit1 Square Footage 4441.00

Property Features

Additional Parcels YN No Business Type Restaurant CCAnd Rs YN No Cross Street Cedar Exclusions restaurant equipmenttables & chairsrestaurant personal property Existing Lease Type NetNNN FIRPTAYN No Listing Terms Cash New Construction YN No Owner Pays Other Power Production Public Utilities Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 9291.31 Tax Year 2022 Tenant Pays ElectricityExterior MaintenanceGasInsuranceInterior MaintenanceJanitorial ServiceRepairsSewerTaxesWater Unit1 Monthly Rent 4000.00 Unit1 Optionto Extend Yes Unit1 Status Leased View City Zoning C-2

Listing information © 2024 MLS of Central Oregon
Listing provided courtesy of Jeff Larkin Realty :jeff@jefflarkinrealty.com.

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Invest in Bend Real Estate Team are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Invest in Bend Real Estate Team. Data last updated: .2024-02-23T21:46:55.167
 
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Invest in Bend Real Estate Team
642 NW Arizona Ave.
Bend OR, 97703
Listing provided courtesy of Jeff Larkin Realty :jeff@jefflarkinrealty.com.