Views
Address
2516 SW Glacier Place Redmond, OR
Price
$ 1,650,000
Property Attributes
  • MLS#220127032
  • TypeCommercial
  • CountyDESCHUTES
  • CityRedmond
  • AreaSW
  • NeighborhoodNolans
  • Zip97756
  • Style
  • Year Built1999
  • Taxes$ 7740
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10240
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
Windermere Central Oregon Real Estate Redmond
Data Source:
MLS of Central Oregon (MLSCO) - 61 - OR
Property Description

Investment opportunity with 6% cap rate. Building is Block and Steel construction on half acre lot with excellent visibility to Hwy 126 (Highland Ave) in Redmond. 3414 sf in office and 6826 sf in warehouse. Four years remaining on a five year lease. Gross lease with annual increases. Single tenant is well established. Rapidly growing Redmond and surrounding area means a bright future for the tenant and strong appreciation of this investment. Building is well maintained.

Price History
7/12/2021 Listed $1,800,000
8/26/2021 9% - $1,650,000

General Features

# Of Units Total 1
Additional Features ADA Comply, Mezzanine, Office Space
Basement None
Construction Materials Block, Frame
Cooling Central Air, Heat Pump
Flooring Carpet, Concrete, Laminate
Heating Ductless, Forced Air, Heat Pump, Natural Gas
Levels One
New Construction Y/N No
Property Type F
Roof Membrane
Section SW
Security Features Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Sewer Public Sewer
Subdivision Name Nolans
View City
Zoning C4

Interior Features

Common Walls No Common Walls, No One Above, No One Below
Interior Features Built-in Features, Laminate Counters, Smart Thermostat
Window Features Aluminum Frames

Exterior Features

Foundation Block, Slab
Lot Description Drip System, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
Lot Size Acres 0.56
Lot Size Square Feet 24394.00
Parking Details: # Of Parking Spaces 6
Parking Details: Parking Yes
Parking Features Asphalt, On Street
Road Surface Type Paved
Water Source Public

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 97756

Price
AVG $1.18M
$1.65M
Taxes
AVG $6,118
$7,740
Visits
AVG 33
55
Year Built
AVG 1973
1999
Walkscore
AVG 48
35
Data Provided by Walkscore ® not using MLS data