2221 NE 3rd Street, Bend, OR 97701 | Listings

2221 NE 3rd Street, Bend, OR 97701

  • $4,500,000
  • 36,253 sq ft
  • Year Built: 1996
  • Commercial
  • Listing #201910657

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. <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 ra

Listing Details

Price$4,500,000
Year Built1996
Property TypeCommercial
Listing #201910657
StatusActive
CountyDeschutes
Listing TypeFor Sale
Property Taxes (Annual)$35,232

Interior Features

Square Feet36,253
FloorsCarpet, Concrete, Vinyl
Heating and CoolingForced Air, Central Air

Exterior Features

FoundationSlab
RoofMetal
Lot Size2.10 acres

Miscellaneous

Measurement SourceAssessor

Courtesy of Peter May and Daniel B Kemp, Compass Commercial Real Estate

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This content last updated on 11/27/2020 3:22 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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