2221 Ne 3rd Street, Bend, 97701

Commercial Building - Retail For Sale in Riverside


MLS® #: 201910657
Active, 129 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


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


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


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

Additional Information

Date Listed: December 1st, 2019
Days on Market: 129
Listing Office: Compass Commercial Real Estate Services

Listing Details

Listing Office: Compass Commercial Real Estate Services


$/SqFt: $124

Tax Information

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

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