2221 Ne 3rd Street, Bend, 97701

NEWCommercial Building - Retail For Sale in Riverside

$4,500,000

Beds
Baths
36,253Sqft
2.1Acres
1996Built
7DOM
MLS® #: 201910657
Active, 7 Days on Market

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 Footage: 36,253
Acres: 2.10
Year Built: 1996
Type: Commercial Building
Sub-Type: Retail
Status: Active

Community Information

Address: 2221 Ne 3rd Street
Area: Bend/Tumalo/Alfalfa
Subdivision: Riverside
City: Bend
County: Deschutes
State: OR
Zip Code: 97701

Amenities

Parking Spaces: 162
Parking: Parking Lot-Asphalt
View: Terrain

Interior

Interior Features: Fire Sprinklers
Heating: Central AC, Forced Air

Exterior

Exterior Features: Sprinkler System
Roof: Metal
Construction: Frame, Brick, Steel
Foundation: Slab

Additional Information

Date Listed: December 1st, 2019
Days on Market: 7
Listing Office: Compass Commercial Real Estate Services

Listing Details

Listing Office: Compass Commercial Real Estate Services

Financials

$/SqFt: $124

Tax Information

Amount: $35,232
Year: 2019
Lot: 00500, 00800

Properties for Sale Similar to 2221 Ne 3rd Street, Bend, OR

The Shops At Boyd Acres Is A Brand New 15,485 +...

REDUCED 7% Photo of Listing #201903464

$4,999,999 Active

  • 1.2 Acres
  • 15,485 ft²

Commercial Building

63130 Lancaster Street, Bend, OR

MLS® #201903464

The Shops At Boyd Acres Is A Brand New 15,485 +/- Sf Neighborhood Shopping Center Located On The Northeast Side Of Bend, Just Off Of Empire Avenue. Consisting Of Four (4) Single Story Buildings, The Center Is Currently 65.7% Leased With Continued High Inter...

Fratzke Commercial R.E. Advisors

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 Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

This content last updated on December 8th, 2019 at 6:59pm PST. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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 this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).