Remarks

Many possibilities for this C2-zoned property in central Madras conveniently located across from a community park while only two blocks from main street. The mixed-use zoning allows for a live/work opportunity while being in the urban renewal district enhances potential renovation/restoration opportunities with the city. Per city discussions, the property has potential for conversion into residential use following city codes - buyer to confirm. The 1,000sqft. building is on a corner lot with its own parking area. Recently leased at $1,200/month. Seller has the right to do a 1031 tax-deferred exchange at no cost to the buyer.

Details

MLS#: 220190737
Price: $259,900

Style: F
Year Built: 1978

County: Jefferson
Subdivision: Palmain
Tax Fee: 1657.45