- 100% leased iconic mixed-use property in the heart of downtown Redmond, OR
- Excellent investment opportunity and/or 1031 exchange
- Completed renovated building with elevator
- Two leased retail units on the ground floor and 12 apartment units on the second and third floors
- Waiting list for apartment units and upside in rental income
This iconic downtown mixed-use building is an ideal investment property. It features a three-story building with two retail tenants on the ground floor and 12 apartment units on the second and third floors with elevator service. The majority of the apartments are studio apartments and all of the tenants are on month-to-month leases. The two anchor retail tenants include Halo Donuts & Deli and Salon Bliss. Both benefit from the foot traffic at this central downtown location. Neighboring tenants include Diego’ s Spirited Kitchen, HIIT Logic, Ida’s Cupcake Cafe, Oishi, SCP Redmond Hotel and Rooftop Bar. Historic Downtown Redmond Apartment/Retail Building
Location
Southwest Redmond
Property Type
Mixed-use
Zone
Central Business (C2)
Year Built
1919
Property Highlights