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8/19/21
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Oregon Department of State Lands has listed for sale a 778-acre development land site in the city of Redmond, OR. The property is considered among the largest industrial land sites currently available for sale in the entire state of Oregon.
The property is well located and visible along Hwy 97 on the south edge of Redmond in Deschutes County. While the site is divisible to a minimum lot size of 50 acres, the minimum size for the first sale is 200 acres.
Currently undeveloped and unentitled, the property is located in a Large Lot Industrial Zone (LLI) that will allow for flexible traded sector industries including manufacturing, research and development, and higher education uses. Once the primary sectors have been sited, additional commercial and retail services may also be permitted. In addition, the property is located within the city’s newly created South Redmond Urban Renewal Area that provides potential tax incentives, along with income and payroll tax credits based on employment, as well as qualifies for Oregon’s Food Processor Property Tax Exemption.
According to the Oregon Department of State Lands, the sale will contribute to the Common School Fund, which sends tens of millions of dollars to public schools every year. Matt Johnson, Mark Carnese and Aaron Watt with Cushman & Wakefield have the listing.
“There is a scarcity of large lot industrial land sites for development in the Central Oregon area as well statewide, and this site presents a prime opportunity(s) to construct and bring a range of critical and supportive commercial uses to a growing and strategic Oregon location—all within a day’s drive of many West Coast markets and ports,” said Carnese. “Initially, we are ideally seeking larger users in the range of 200-300 acres that would encourage manufacturing/R&D uses for traded goods industries that sell product outside of Oregon.”
A mid-sized community in Oregon’s High Desert Plateau just east of the Cascade Mountain Range in Central Oregon, Redmond continues to transform itself with new restaurants, brewpubs, boutiques, and lodging, combined with dynamic outdoor recreation activities year-round. The city is home to the region’s commercial airport and is located at the crossroads of the main transportation arterials of US Highway 97 and US Highway 126. Redmond is less than 20 miles north of Bend, 175 miles southeast of Portland/Portland International Airport, and 332 miles from Boise.
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