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North Highway 97 - Madras Highway #97 Land

9.59 Acres of Commercial Land Offered at $1,279,726 CAD in Madras, OR 97741

Investment Highlights

  • 680" of Highway #97 Frontage...Commercial Zoned
  • Great Mixed Use Project with several Buyers looking for smaller parcels when developed
  • ODOT has plans for major highway improvement soon!!

Executive Summary

Large commercial parcel located in North Madras where Highway #26 and Highway #97 converge at the “Gateway to Central Oregon” from Portland. This parcel will be a great opportunity for a mixed use development project with excellent highway exposure with ODOT Highway access in a key commercial area in Madras. A new City Transportation Master Plan has been approve by ODOT with plans for two highway access points. There are plans to widen Highway 97, install curbs, side walks and upgrade some utilities. This may result in substantial savings for a developer. The City of Madras also has Urban Renewal Funds to assist with development. It is zoned C1 with flexibility for many commercial & residential uses with a new Master Plan. Call Gary Everett for more information and development ideas. There are potential buyers for building sites created from this project. Now available: Level One Environment Report, Soils Report, Survey and Title Report.

Property Facts Under Contract

Price $1,279,726 CAD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Mixed Use
  • Auto Dealership
  • Master Planned Community
  • Motel
  • Strip Centre
  • Supermarket
Total Lot Size 9.59 AC
Opportunity Zone Yes

1 Lot Available

Lot 9050

Price $1,279,726 CAD
Price Per AC $133,444 CAD
Lot Size 9.59 AC

9.59 acres of commercial land with Highway 97 frontage in Madras Oregon. Prime development land that is very well priced.

zoning

Zoning Code C1 (Highway Commercial)
C1 (Highway Commercial)
  • Listing ID: 30704130

  • Date on Market: 2024-01-19

  • Last Updated:

  • Address: North Highway 97, Madras, OR 97741

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