510 SW Colfax Lane, Madras, OR 97741
$2,800,000
Property Type:
Commercial Sale
Square Footage:
3,465
Lot Size (sq. ft.):
715,691
Status:
Active
Current Price:
$2,800,000
List Date:
4/18/2025
Last Modified:
7/14/2025
Overview
Description
Listing Details MLS# 220199895
General Property Information
- Building Area Total
- 3465
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 2
- Year Built
- 1975
- New Construction YN
- No
- Zoning
- MUE
- Tax Annual Amount
- 3359.42
- Tax Year
- 2024
- Potential Tax Liability YN
- No
- Assessment YN
- No
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Ameri-Title Madras
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Additional Features:
Kitchen; Laundry Facility; Living Area in Building
Basement:
None
Common Walls:
No Common Walls
Construction Materials:
Frame
Cooling:
Central Air
Flooring:
Hardwood; Tile; Vinyl
Foundation Details:
Slab; Stemwall
Heating:
Forced Air; Natural Gas
Interior Features:
High Speed Internet; Laminate Counters
Levels:
One
Roof:
Composition; Metal
Security Features:
Carbon Monoxide Detector(s); Smoke Detector(s)
Business Type (AKA Sub Type):
Agriculture; Animal Grooming; Appliances; Arts and Entertainment; Athletic; Auto Service; Bakery; Bar/Tavern/Lounge; Barber/Beauty; Bed & Breakfast; Books/Cards/Stationery; Butcher; Car Wash; Carpet/Tile; Child Care; Church; Clothing; Construction/Contractor; Convenience Store; Deli/Catering; Dental; Distribution; Drugstore; Dry Cleaner; Education/School; Fast Food; Financial; Fitness; Florist/Nursery; Food & Beverage; Gas Station; Grocery; Hardware; Hobby; Home Cleaner; Hospitality; Ice Cream/Frozen Yogurt; Income/Investment; Industrial; Jewelry; Landscaping; Laundromat; Liquor Store; Manufacturing; Medical; Mixed; Music; Nursing Home; Printing; Professional Service; Professional/Office; Research & Development; Restaurant; Retail; Shopping Center; Sporting Goods; Storage; Transportation; Travel; Utility; Warehouse; Other
Easements:
Access
Utilities:
Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Lot Features:
Fenced; Landscaped; Level; Sprinklers In Front; Sprinklers In Rear
Other Structures:
Workshop
Parking Features:
Driveway; Gated; Gravel; RV Access/Parking
Patio and Porch Features:
Deck
Road Frontage Type:
Shared Access
Road Surface Type:
Paved
Structure Type:
House
View:
Territorial
Power Production:
Hydro
Sewer:
Septic Tank; Standard Leach Field
Water Source:
Public; Water Meter
Documents on File:
Lead Based Paint Report; Seller Disclosure
Listing Terms:
Cash; Conventional; Owner Will Carry; Private Financing Available
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 510
- Street Dir Prefix
- SW
- Street Name
- Colfax
- Street Suffix
- Lane
- County
- Jefferson
- State
- OR
- Postal Code
- 97741
Contract Information
- Original List Price
- 2800000
- Listing Contract Date
- 2025-04-17
Remarks and Miscellaneous
- Public Remarks
- 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
- Directions
- US 97 to Colfax. Property is on the corner.
Status Change Information
- Status Change Timestamp
- 2025-04-18
More Information
Currently Not Used
- List Price per SqFt
- 808.08
Business Details
- Business Included?
- No
Miscellaneous Information
- Backup Package Available
- Yes
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 10
- # of Carports
- Yes
- Annual Average Daily Traffic
- 17000
Listing Office:
eXp Realty, LLC
Last Updated: July - 14 - 2025
Broker Attribution:
503-915-8271
Information deemed reliable but not guaranteed.