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510 SW Colfax Lane Madras, OR $ 2,800,000
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$ 2,800,000 Get more info
510 SW Colfax Lane
$ 2,800,000
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510 SW Colfax Lane

Madras, OR, 97741
$ 2,800,000
Bedrooms-- Baths-- Sq 3,465

Monthly Estimate*

$ 17,468

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Commercial Property for sale in Madras, OR

for $2,800,000. This 3,465 square foot building was built in 1975 on a lot size of 16.43.

ATTENTION INVESTORS! 16.43 Ac of MUE with amazing location at the corner of Colfax and US 97 and hwy 26 with an average daily vehicle count of over 17,000. Annexed into the city of Madras and sewer main near the property line, This property is a huge opportunity. Property zoning MUE allows Large retail complex or Travel Center, or Hotel or light manufacturing or vehicle dealership or ? Total of 3,465sq.ft. and includes the following: 2,217sq.ft. house (5 bed 3 bath with mother in-law quarters), and 1,248sq.ft. Shop. Call your agent for the backup package and showing. Property is currently being used for residential. Main Zoning is MUE. Seller also has package deal available see listing 1820 US-97

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Commercial Active

Price

$ 2,800,000

Property Type

Commercial

Taxes

$ 3,359

Style

Commercial Sale

Lot Size

16.43

Year Built

1975

Town/City

Madras

County/Region

Jefferson

MLS | Web ID

220199895
Features
Interior
Interior Amenities Laminate Counters
Basement None
Flooring Hardwood Tile Vinyl
Common Walls No Common Walls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Forced Air True
Heating-Natural Gas True
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General
Sewer Septic Tank Standard Leach Field
Heating Forced Air Natural Gas
Cooling Central Air
Roof Composition Metal
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Frame
Year Built 1975
View Territorial
Levels One
Tax Year 2024
County Jefferson
New Construction N
Property Type Commercial Sale
Attached Garage N
Other Structures Workshop
Status Active
Directions US 97 to Colfax. Property is on the corner.
City Madras
Zoning Description MUE
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 715690.8
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 3359.42
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type House
Standard Status Active
Senior Community None
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Exterior
Parking Features Driveway Gated Gravel RV Access/Parking
Lot Features Fenced Landscaped Level Sprinklers In Front Sprinklers In Rear
Water Source Public Water Meter
Lot Size Area 16.43
Foundation Details Slab Stemwall
Spa N
Building Area Total 3465.0
Lot Size Acres 16.43
Road Surface Type Paved
Road Frontage Type Shared Access
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Internal Only
Street Number 1 510
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* Excluded Features
List By
E Lamar Yoder

Listing Agent

Exp Realty, Llc

Broker

503-915-8271

Contact

Affordability Calculator

$17,748
Per Month
98%
2%
0%
Monthly Principal & Interest
$17,468
Monthly Property Taxes
$280
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
331058 Elementary School
330912 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/18/2025$2,800,000 Listed Price

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510 SW Colfax Lane, Madras, OR, 97741 is a Commercial Property for sale at $2,800,000 with 3,465 sqft and a lot size of 16.43. 510 SW Colfax Lane was built in 1975. The property's zip code is 97741 which is in Madras, OR

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