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Listing provided courtesy of eXp Realty, LLC- MLS# 220199895MLS ProviderContact Information: 503-915-8271

510 SW Colfax LaneMadras, OR 97741

Commercial · 3,465 Sq. ft. | 16.43 Acres
$2,800,000 Active

510 SW Colfax Lane Overview

Time on Site:
437 days
Visits:
18

ATTENTION INVESTORS! 16.43 Ac of MUE with amazing location at the corner of Colfax and US 97 and hwy 26 with an average daily vehicle count of over 17,000. Annexed into the city of Madras and sewer main near the property line, This property is a huge opportunity. Property zoning MUE allows Large retail complex or Travel Center, or Hotel or light manufacturing or vehicle dealership or ? Total of 3,465sq.ft. and includes the following: 2,217sq.ft. house (5 bed 3 bath with mother in-law quarters), and 1,248sq.ft. Shop. Call your agent for the backup package and showing. Property is currently being used for residential. Main Zoning is MUE. Seller also has package deal available see listing 1820 US-97

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510 SW Colfax Lane Facts & Features

  • Type Commercial
  • Sq. ft. 3,465
  • Price/Sq.ft. $808
  • Lot 16.43 Acres

Details

General

Building Information

  • New Construction: false
  • Year Built: 1975

Location/Region

  • County Or Parish: Jefferson

Tax Information

  • Tax Annual Amount: 3359.42
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional,Owner Will Carry,Private Financing Available
  • Parcel Number: 1934
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 3465.0

General Information

  • Basement: None
  • Common Walls: No Common Walls
  • Flooring: Hardwood,Tile,Vinyl
  • Foundation Details: Slab,Stemwall
  • Interior Features: Laminate Counters
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Driveway,Gated,Gravel,RV Access/Parking

Lot Information

  • Additional Parcels: false
  • Lot Features: Fenced,Landscaped,Level,Sprinklers In Front,Sprinklers In Rear
  • Lot Size Acres: 16.43
  • Lot Size Area: 16.43
  • Lot Size Square Feet: 715690.8
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public,Water Meter

Waterfront/View

  • View: Territorial

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Frame
  • Roof: Composition,Metal

General Information

  • Number Of Units Total: 2
  • Other Structures: Workshop
  • Road Frontage Type: Shared Access
  • Sewer: Septic Tank,Standard Leach Field

510 SW Colfax Lane Neighborhood

Community

97741 (MADRAS) Demographics

40
Median Age
36
Population Density (per sq. mile)
32%
College Educated
$52,400
Estimated Median Income
2,586
Estimated Total Home Owners
1,844
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

510 SW Colfax Lane Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

510 SW Colfax Lane Market Data

Based on the last 30 days in this zip code

$465,158
Average List Price
$258
Average Price per Square Foot
18
Properties Sold
112
Average Days on Market
176
Properties for Sale
Calculations provided by Reliance Network

510 SW Colfax Lane History

Date Event Value Agent
4/18/2025Source: Oregon Datashare Added to Database
April 18, 2025