OR > Redmond
Redmond, OR 97756,621 SW EVERGREEN AVE
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Redmond, OR 97756,621 SW EVERGREEN AVE
Redmond, OR 97756,621 SW EVERGREEN AVE
Redmond, OR 97756,621 SW EVERGREEN AVE
Redmond, OR 97756,621 SW EVERGREEN AVE
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Jared Hambrook

Jared Hambrook

+1(503) 930-2124
Listed by Land Leader
$ 1,765,000
Est. payment /mo
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Active

621 SW EVERGREEN AVE Redmond, OR 97756

7,500 SqFt

UPDATED:

10/16/2024 05:00 AM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $235

MLS Listing ID 24654846

Year Built 1919

Annual Tax Amount $8,764

Tax Year 2023

Lot Size 2,613 Sqft

Property Description

The Landaker Building - historic icon in the heart of Downtown Redmond, Oregon. Built in 1919, this approximately 7,500-square-foot, three-story mixed-use investment building is located at the prominent intersection of Evergreen Avenue and Sixth Street. The building's historical significance and strategic location in Redmond's Central Business District (CBD) make it a standout investment opportunity for those seeking both a prime location and stable income.Originally constructed as a one-story pool hall, the Landaker Building underwent significant renovations in 1932, adding two additional floors for office and apartment space. Over the years, the iconic building has housed notable businesses, including the Pastime Tavern, and played a vital role in Redmond's community life. The building remains a structure of historical significance, capturing the charm and heritage of Redmond's early 20th-century architecture. The Landaker Building is fully leased, comprising two retail units on the ground floor, two commercial units on the third floor, and 10 apartment units on the second and third floors, all serviced by an elevator. The retail tenants, including Morning Story and Salon Bliss, benefit from the high foot traffic in this bustling downtown area. The apartment units, primarily studios, ensure flexibility for future rent increases or conversion opportunities.Currently, The Landaker Building is designated as of "historical interest." These properties are not required to comply with the requirements of the Preservation of Historic Resources section of the Redmond Development Code except in the event of demolition or of a major alteration. Short Term Rentals (STRs) are permitted on C2 zoned properties, including within the Downtown Overlay District (DOD), granted applicable standards and requirements are complied with.

Location

State OR

County Deschutes

Area _320

Zoning C-2

Interior

Heating Forced Air, Wall Heater

Exterior

View City

Garage No

Building

Sewer Public Sewer

Water Public Water

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

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621 SW EVERGREEN AVE

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