63130 Lancaster Street, Bend, 97701

Commercial Building - Retail For Sale in Parkway Village

$5,400,000

Beds
Baths
15,485Sqft
1.2Acres
2014Built
76DOM
MLS® #: 201903464
Active, 76 Days on Market

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 interest and demand. The property is situated in an under-served sector of Bend, and as a result current tenants have all successfully prospered. Outstanding demographics: 31,936 +/- adults live within 3 miles and 64,842 +/- work within 3 miles. High traffic counts: 10,443 ADT on Empire Ave & 5,577 ADT on Boyd Acres Road. Close proximity to Brinson Industrial Park - an industrial campus generating employment for thousands of workers. 5.46% Cap Rate (Proforma) $295,214 Annual NOI. 4 single-story buildings.

Essential Information

MLS® #: 201903464
Price: $5,400,000
Square Footage: 15,485
Acres: 1.20
Year Built: 2014
Type: Commercial Building
Sub-Type: Retail
Status: Active

Community Information

Address: 63130 Lancaster Street
Area: Bend/Tumalo/Alfalfa
Subdivision: Parkway Village
City: Bend
County: Deschutes
State: OR
Zip Code: 97701

Amenities

Parking: Parking Lot-Asphalt
View: Cascade Mountain

Interior

Heating: Natural Gas

Exterior

Roof: Metal
Construction: Brick, Frame
Foundation: Slab

Additional Information

Date Listed: May 6th, 2019
Days on Market: 76
Listing Office: Fratzke Commercial R.E. Advisors

Listing Details

Listing Office: Fratzke Commercial R.E. Advisors

Financials

$/SqFt: $349

Tax Information

Amount: $18,390
Year: 2018
Lot: 07900

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