2221 NE 3rd Street

    Bend, OR 97701
    • $4,500,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 201910657
    UPDATED: 66 min ago
    $4,500,000
    • 0
      BEDS
    • 2.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 36,253
      SQFT
    • $124
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1996
    County:

    School Ratings & Info


    Listing courtesy of Compass Commercial Real Estate Services.

    Description

    This is an excellent opportunity to acquire a high-quality retail building in the heart of Bend. The location cannot be beat with great visibility and access from business highway 97/third street. The property is located in the middle of one of the major shopping areas of Bend. The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse. This is an opportunity to buy a very high-quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available. The building value is based on current rental rates and net income. With rents for the entire building averaging well below market rates this gives a buyer tremendous upside potential in value by bringing rents closer to market rates over time.

    Monthly Payment Calculator

    © 2019 MLS of Central Oregon (MLSCO) . All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Bend Homes Now | Cascade Sotheby's International Realty are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from the website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO. This content last updated on 2019-12-09T07:43:56.28. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
    www.bendhomesnow.com/homes/101370162

    2221 NE 3rd Street Bend, OR 97701

    • Price: $4,500,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 201910657
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.1
    Acres
    36,253
    SQFT
    $124
    $/SQFT
    1996
    Built
    Neighborhood:
    Riverside
    County:
    Deschutes
    Area:
    Bend/Tumalo/Alfalfa
    Property Description
    This is an excellent opportunity to acquire a high-quality retail building in the heart of Bend. The location cannot be beat with great visibility and access from business highway 97/third street. The property is located in the middle of one of the major shopping areas of Bend. The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse. This is an opportunity to buy a very high-quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available. The building value is based on current rental rates and net income. With rents for the entire building averaging well below market rates this gives a buyer tremendous upside potential in value by bringing rents closer to market rates over time.
    Exterior Features

    Construction Brick/BlockSteelFrame Exterior Sprinkler System Foundation Slab Overhead Doors 0 Parking Yes Parking Spaces 162 Parking1 Parking Lot-Asphalt Roof Metal View Terrain

    Interior Features

    Floors SlabCarpetVinyl Heat Cool Ac-CentralForced Air Interior Fire Sprinklers

    Property Features

    Backup Pkg Avail Yes Cap Rate 0.000 CCRs No Confidentiality Agmt Yes Cross Street Address Webster Ave Electric Company Pp&L Est Gross Op Income 0.00 Est Net Op Income 0.00 Est Total Exp 0.00 Existing Water City Lease Type Cla Leased Yes Lot Number 2-6 Owner Pays Other Property Type Commercial Building Sale Or Lease Both Sewer Septic City Sewer Tax Year 2019 Taxes 35232.00 Tenant Pays Common AreaJanitorElectricLiablity InsuranceGasStructure RepairInsuranceTaxesInterior MaintenanceWater/Sewer Tenants 3 Terms Cash Type Retail Water District Bend

    Listing information © 2019 MLS of Central Oregon
    Listing provided courtesy of Compass Commercial Real Estate Services.

    © 2019 MLS of Central Oregon (MLSCO) . All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Bend Homes Now | Cascade Sotheby's International Realty are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from the website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO. This content last updated on 2019-12-09T07:43:56.28. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
     
    Bend Homes Now | Cascade Sotheby's International Realty
    650 SW Bond St , Suite 100
    Bend OR, 97702

    Listing courtesy of Compass Commercial Real Estate Services.