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220 Cascade AVE Sisters, OR 97759
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Key Details
Sold Price $925,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,616 sqft
Price per Sqft $200
Subdivision Mccafferys
MLS Listing ID 220188409
Sold Date 09/30/24
Year Built 1981
Annual Tax Amount $10,395
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 0.32
Property Description
Sisters Commercial Building in enviable main drag location in the heart of exceptional foot traffic area. Good lease history, 6 units, 4 on ground level, two on second level. Upper units are eligible for development for residential use per City of Sisters Downtown Commercial Zone. Two tax lots: TL 02900 is .08 acres and vacant (current use parking lot). TL 03000 is .24 acres with 4616 square feet of classic Western Theme retail, restaurant and office suites, each with private bathrooms. First floor is fully leased, with coveted long time well established tenants. Second floor has been leased but current owner has intentionally left those spaces vacant to allow a new owner to explore conversion to residential use. Several units are under market rate rents. Vacant land at the alley behind the building has potential to be developed into storage, parking or outdoor dining.
Location
State OR
County Deschutes
Community Mccafferys
Rooms
Basement None
Interior
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Heat Pump, Wall/Window Unit(s)
Exterior
Garage Alley Access, Parking Lot
Roof Type Composition
Parking Type Alley Access, Parking Lot
Building
Entry Level Two
Foundation Stemwall
Water Public
Structure Type Frame
New Construction No
Others
Senior Community No
Tax ID 134508
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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