2221 Ne 3rd Street, Bend


0 Beds
0 Baths
91,476 Sqft
2.1 Acres
0 Garages

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. <br><br>The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse. <br><br>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. <br><br>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. <br><br>

Essential Information
MLS® #201910657
Square Footage91,476
Square Footage36253.00
Year Built1996
TypeCommercial Sale
Community Information
Address2221 Ne 3rd Street
Zip Code97701
Parking Spaces162
ParkingAsphalt, Parking Lot
HeatingForced Air
CoolingCentral Air
Lot Description2-6
ConstructionBlock, Brick, Frame
Additional Information
Date ListedDecember 1st, 2019
Days on Market165
Listing Details
OfficeCompass Commercial Real Estate

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