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$4,900,000

0 Beds 0 Baths 51,675 SQFT 3.00 Acres

Type: Commercial

1451 SW Olive Street
Madras, OR 97741

MLS#: 220203015

Andrew Koczian

Premiere Property Group

Broker

Phone: 503.425.9653

Office: 503.670.9000

Visit Website

Presented by: eXp Realty, LLC

Property Description

**For Sale: Mini-Storage Investment - 1451 SW Olive St, Madras, OR** Turnkey 3-acre self-storage facility featuring 51,675 SQFT under roof with 290 total units. Estimated annual income projects a cap rate of 7%+. Property includes a **keypad entry automated gate**, new curbs, sidewalks, privacy fencing, ADA parking, and newly paved street. Self-serve tenant signup system, exterior security lighting, and WiFi connectivity offer modern convenience and low overhead. Located in a prime area with easy access to all parts of Madras. Excellent opportunity for investors seeking strong returns in a growing Central Oregon market. Room for additional growth up to 100 units.

Interior Features

Bathrooms

Total Baths0

Other Interior Features

Air Conditioning Y/NNo

BasementNone

Basement (Y/N)No

Common Walls1 Common Wall

FlooringConcrete

Heating Y/NNo

Heating-NoneTrue

General

Accessibility Features Y/NNone

Additional Parcels Y/NNo

Attached Garage No

AttributionContact503-915-8271

Builder NameY&S Enterprises LLC

CCR Y/NNo

Cap Rate7.0

Carport Y/NNo

CityMadras

Construction MaterialsSteel Frame

CoolingNone

CountyJefferson

DirectionsHWY 97, West on Fairgrounds rd, South on Olive st

Gross Income537600.0

HeatingNone

Home Warranty Y/NNo

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsOne

Lot Size Square Feet130,680 sqft

Lot Size UnitsAcres

MobileHomeRemainsYNNo

New ConstructionNo

Number Of Units Total290

Operating Expense17400.0

OwnerPaysElectricity, Exterior Maintenance, Taxes, Water

Parcel Number1,757

Property TypeCommercial Sale

Rent Control Y/NNo

RoofMetal

Security FeaturesSecurity System Owned

Senior CommunityNone

SewerPublic Sewer, None

Sewer_co_Public_sp_SewerTrue

Short Term Rentals PermittedN

Standard StatusActive

StatusActive

Structure TypeMixed Use, None, Flex

Tax Annual Amount$1,008

Tax Year2024

Utilities@Core.PermissionsNone

Utilities_co_Natural_sp_Gas_sp_AvailableTrue

ViewCascade Mountains, City, Mountain(s), Territorial

Water Body Access Y/NNone

Year Built2025

Zoning DescriptionMUE

Exterior

Building Area Total51,675 sqft

Foundation DetailsSlab

Lot FeaturesDrip System, Fenced, Landscaped, Level, Sloped, Xeriscape Landscape

Lot Size Acres3.0

Lot Size Area3 sqft

Parking FeaturesAsphalt, Gated, Gravel, RV Access/Parking, Parking Lot

Road Frontage TypeShared Access

Road Surface TypePaved

SpaNo

Water SourcePublic, Water Meter

Additional Details

Price History

Schools

Middle School N/A

High School N/A

Elementary School N/A

Similar Properties

$4,900,000

0 Beds 0 Baths 51,675 SQFT 3.00 Acres

Type: Commercial

1451 SW Olive Street
Madras, OR 97741

MLS#: 220203015

Andrew Koczian

Premiere Property Group

Broker

Phone: 503.425.9653

Office: 503.670.9000

Visit Website

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Property

$4,900,000

1451 SW Olive StreetMadras, OR 97741

Property Description

Interior Features

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$4,900,000

1451 SW Olive StreetMadras, OR 97741

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1451 SW Olive Street
Madras, OR 97741

1451 SW Olive Street
Madras, OR 97741