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

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

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.