2221 Ne 3rd Street, Bend, 97701

Commercial Sale For Sale in Riverside


MLS® #: 201910657
Active, 301 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


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


Heating: Forced Air
Cooling: Central Air
Stories: Two


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

Additional Information

Date Listed: December 1st, 2019
Days on Market: 301
Listing Office: Compass Commercial Real Estate
Zoning: ME

Listing Details

Listing Office: Compass Commercial Real Estate


$/SqFt: $49

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