Investment Highlights
Location, Location, Location in downtown Redmond
Redevelop for your business use, retail and/or office
Updated in 2004-Occupancy to be determined upon close of escrow
Commercial Building currently restaurant use, could purchase FF&E from Seller outside of escrow to operate as restaurant
Exceptional parking, visibility, traffic, monument signage
Outdoor courtyard/patio
Executive Summary
Commercial Building zoned C-2 in downtown Redmond Restaurant/Retail/OfficeTwo (2) Buildings: 2,916+/- SQUARE FEET (Main Building 2,700+/-SF-Office 216+/- SF)Owner-User Opportunity/Mixed-Use in Redmond, Oregon Zoned C-2 Commercial Central Business District0.19/Acres 8,276+/-Square FeetMaximum occupancy inside: 76 Outside Patio: 35 Two-story building with shared parking and on-street parking in front of building Signage located in 4 separate areas: a) Monument Sign on 6th Street b) Monument sign on 7th Street c) Signage of Building d) Signage towards the south (parking lot)City of Redmond ?Landmark? historic status Desirable and rare multi-use ?hard-to-find? Restaurant/Retail/Office building with zoning that has a vast array of uses. This is a wonderful Owner/User opportunity to purchase Restaurant FF&E from Seller outside of escrow to operate a restaurant; or the Owner/User who is looking for a Commercial building for their business. Lots of flexibility and versatility with this offering. Great visibility, several signage opportunities including two monument. The building was originally constructed in 1911 but went through an extensive ground-up comprehensive remodel in 2003-2004 completed by City of Redmond Council women and then owner Margie Dawson. CC&R?s are in place, shared garbage and parking. OFFERED FOR SALE: $899,000 ( $308/SQ.FT.) PRICE JUST REDUCED $76KBUILDING: Main Building 2,700+/- RSF. with annex office building 216+/RSF. Both buildings are wood framed and Cedar siding and metal roofing. Gorgeous outside fenced courtyard area. LOT SIZE: 0.19 +/- Acres (8,276+/- Sq.Ft.) with 42-shared parking stalls and on-street parking.TAX LOT/MAP: #1513009DC 5400 CURRENT USE: Restaurant. We are not selling restaurant business, any FF&E owned by Seller could be purchased and shall be negotiated outside of escrow with Seller. Up to 64 patrons inside and outdoor seating area for up to 20? guests. Interior upstairs seating and service bar upstairs as well. ZONING: C-2 Commercial Zoning (also referred to as Central Business District CBD ). C-2 Allows multiple commercial uses including: Bakery, Bar, Lounge, Nightclub, Caf??, Restaurant, Office, Retail Sales, Pharmacy, Florist, Accountant, Law Firm, Financial Service Advisory, Title Company, Hardware, Pet Shop, Bank, Veterinarian, Dry Cleaner, Salon, Mental Health Facility, Medical Service Provider and Others. LANDMARK HISTORIC : City of Redmond shows this as ?Landlord? historic property that affects what exterior modifications can be done. City suggest ?Pre-App? with them if Buyer plans to modify exterior or please call Planning Department at (541) 923-7710 for more information. **Occupancy to be determined upon close of escrow. Please contact listing Brokers for more information. Showings to be by appt. only with no less than 24' hour notice, afternoon's after closing preferred. Call listing Brokers.
