2221 Ne 3rd Street, Bend

$4,500,000

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
Price$4,500,000
Square Footage91,476
Square Footage36253.00
Acres2.10
Year Built1996
TypeCommercial Sale
StatusActive
Community Information
Address2221 Ne 3rd Street
SubdivisionRiverside
CityBend
CountyDeschutes
StateOR
Zip Code97701
SectionNE
Amenities
Parking Spaces162
ParkingAsphalt, Parking Lot
ViewTerritorial
Interior
HeatingForced Air
CoolingCentral Air
StoriesTwo
Exterior
Lot Description2-6
RoofMetal
ConstructionBlock, Brick, Frame
FoundationSlab
Additional Information
Date ListedDecember 1st, 2019
Days on Market165
ZoningME
Listing Details
OfficeCompass Commercial Real Estate
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