614 NW Cedar Ave - Restaurant FOR SALE


Redmond, OR 97756
$775,000 USD
541-639-2566
614 NW Cedar Ave, Redmond, OR for Sale
$775,000 USD
Restaurant - FOR SALE
1/20
null | 7.5% Cap Rate

614 NW Cedar Ave
Redmond, OR 97756


HIGHLIGHTS

  • Monument signage on 6th St, Cedar St and alley access
  • Indoor seating seats up to 80
  • Outdoor seating up to 36 with 100 year old trees and mature landscpaing
  • All FF&E includuded

OVERVIEW

High-quality upgrades and historic charm come together to create a memorable, destination-worthy dining space in Downtown Redmond and a part of highly-trafficked Dawson’s Station. This fully operational restaurant invites a creative owner/user to make their mark in Redmond. Also priced to support a competitive lease rate ($1.65/SF) with a solid, 7.5% market-cap for investors. Enjoy a spacious two-story dining area, an inviting outdoor dining space with a mature deciduous tree canopy and hedges providing a soft boundary to a private courtyard dining experience. The full commercial kitchen is equipped with distinct and functional features, including a dumbwaiter, fryer, griddle, stove-top burners and ample storage—ideal for any ambitious restaurateur or event host seeking a standout property in a prime location.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Turn-key Restaurant with Historic Charm

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C2

APN/PARCEL ID

122826

ASK ABOUT THIS PROPERTY

Jennifer LimogesNAI CascadeMore Info
541-639-2566

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Jennifer LimogesNAI CascadeMore Info
541-639-2566

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.