2221 Ne 3rd Street, Bend, 97701

Commercial Sale For Sale in Riverside

$4,500,000

Beds
Baths
91,476Sqft
2.1Acres
1996Built
165DOM
MLS® #: 201910657
Active, 165 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: 91,476
Square Footage: 36253.00
Acres: 2.10
Year Built: 1996
Type: Commercial Sale
Status: Active

Community Information

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

Amenities

Parking Spaces: 162
Parking: Asphalt, Parking Lot
View: Territorial

Interior

Heating: Forced Air
Cooling: Central Air
Stories: Two

Exterior

Lot Description: 2-6
Roof: Metal
Construction: Block, Brick, Frame
Foundation: Slab

Additional Information

Date Listed: December 1st, 2019
Days on Market: 165
Listing Office: Compass Commercial Real Estate
Zoning: ME

Listing Details

Listing Office: Compass Commercial Real Estate

Financials

$/SqFt: $49

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© 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Bend Premier Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Bend Premier Real Estate. Data last updated: June 2nd, 2020 at 2:00pm PDT.