3.56 Acre Development Opportunity

2821 SW Airport Way, Redmond, OR

3.56 Acre Development Opportunity

M1 Light Industrial with Conditional Use Options

$1,628,273.00 MLS#: 201903598

All information contained herein is supplied by the seller to the best of his/her knowledge, but is subject to verification by the purchaser, and the broker assumes no responsibility for the correctness thereof. In accordance with the law, this property is offered without respect to race, gender, color, creed, familial status, national origin or handicap.

Light Industrial business park in a well

maintained Professional area with neighbors such as Original Pancake House, Central Christian School, Pratt Electric Supply, and Franz Bakery Outlet Store.

Shovel ready with sidewalks, streets, and

utilities on the property.

M1 light industrial zoning. Outright uses

include:

Bakery, Bar, Lounge, Restaurant Auto Related, Car Wash, Tire Store Manufacturing, Distribution Warehouse, Research Printing, Publishing Hardware, Heavy Equipment Sales Mini Storage

Conditional Uses Include: Indoor Recreation, Theater Call Center, Office, Church Hotel, Motel

Ideal location. Less than one mile to Red-

mond Airport and less than two miles to Hwy 97.

Recent interest in Hotel development has

been high. Area hotels already operate at occupancy rates above the national average of 66 percent and range to as high as 89 percent occupancy in the summer.

Alaska Airlines will soon add two new daily

direct flights to Los Angeles and San Diego. Alaska will also increase its daily service to San Francisco beginning in March, bringing their total direct flights to twelve a day. Redmond Airport has over 1 million passengers annually.

Unemployment in Redmond is at 4.5 per-

cent, with a shortage of industrial and commercial space. Hotel rooms are well under requirement for Expo events.

Features

2821 SW Airport Way, Redmond

PROPERTY ID 151321DO00312

PROPERTY ZONING M1 Light Industrial

PROPERTY SUB-TYPE Conditional Use options

LOT SIZE 3.56 AC

POWER Pacific Power

WATER/SEWER City of Redmond

SURROUNDING AREA 2.5 miles from Hwy 97 exit

.5 miles to Airport Entrance 1.5 miles to Expo Center ACCESS TO PROPERTY Deeded access point off 6th Street to Umatilla Ave

Recent estimates show Redmond's population just under 30,000 and Deschutes County nearly 188,000. Both the city and the county have seen rapid growth this decade. Redmond added over 1,000 residents in 2019 (+7.7%) in just eight years. The county has seen even faster growth (~16%) due to the growth of Bend and unincorporated communities in Deschutes County.

The Bend-Redmond MSA remains one of the fastest growing metro areas in the United States. In the past year the county's population expanded by 3.4 percent, which ranked 3rd fastest of over 300 metropolitan areas nationwide.

Bruce Barrett, Broker

Windermere Commercial

DIRECT: (541) 410-3484 Office: (541) 923-4663 barrett@

All information contained herein is supplied by the seller to the best of his/her knowledge, but is subject to verification by the purchaser, and the broker assumes no responsibility for the correctness thereof. In accordance with the law, this property is offered without respect to race, gender, color, creed, familial status, national origin or handicap.

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