Listing Detail for MLS: 201910657
Courtesy: Compass Commercial Real Estate

For more information on this listing, please contact...

  •   Price:

    • $4,500,000

  • Listing #:
    • 201910657
  • Class:
    • Commercial
  • Status:
    • Active
  • Type:
    • Retail
  • Apx. SqFt:
    • 36,253
  • Lot Size:
    • 91476.00
  • Year Built:
    • 1996
  • Address:
    • 2221 NE 3rd Street
  • City:
  • County:
    • Deschutes
  • Area:
    • Riverside
  • State:
    • OR
  • Zip:
    • 97701

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Description

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.

The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse.

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.

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.

  • Building Details
    • Construction:
      • - Brick / Block
      • - Steel
      • - Frame
    • Exterior:
      • - Sprinkler System
    • Foundationdetails:
      • - Slab
    • Roof:
      • - Metal
    • # Of Floors:
      • - 2
    • # Of Units Available:
      • - 1.00
    • Interior:
      • - Fire Sprinklers
    • Flooring:
      • - Slab
      • - Carpet
      • - Vinyl
  • Unit 1
    • Unit 1 Sq. Ft.:
      • - 17,141.00
    • Unit 1 Rent:
      • - 0.00
  • Unit 2
    • Unit 2 Sq. Ft.:
      • - 3,775.00
    • Unit 2 Rent:
      • - 0.00
  • Unit 3
    • Unit 3 Sq. Ft.:
      • - 10,675.00
    • Unit 3 Rent:
      • - 0.00
  • Unit 4
    • Unit 4 Sq. Ft.:
      • - 4,910.00
    • Unit 4 Rent:
      • - 0.00
    • Unit 4 Escalators:
      • - Yes
  • Unit 5
    • Unit 5 Sq. Ft.:
      • - 0.00
    • Unit 5 Rent:
      • - 0.00
  • Property Details
    • Lot Number:
      • - 2-6
    • LotSizeAcres:
      • - 2.10
    • Propertytype:
      • - Commercial Building
    • View:
      • - Terrain
  • Parking
    • Parking Features:
      • - Parking Lot-asphalt
    • Parking:
      • - Yes
    • # Of Parking Spaces:
      • - 162
  • Utilities
    • Electric Company:
      • - Pp&l
    • Existing Water:
      • - City
    • Water District:
      • - Bend
    • Sewer:
      • - City Sewer
    • Heating:
      • - Ac-central
      • - Forced Air
  • Lease Details
    • # Of Tenants:
      • - 3
    • Lease Type:
      • - Net
    • Lease Type:
      • - Cla
    • Leased:
      • - Yes
    • Owner Pays:
      • - Other
    • Tenant Pays:
      • - Common Area
      • - Janitor
      • - Electric
      • - Liablity Insurance
      • - Gas
      • - Structure Repair
      • - Insurance
      • - Taxes
      • - Interior Maintenance
      • - Water / Sewer
  • Inc / Expenses
    • Est. Gross Op Income:
      • - $0.00
    • NetOperatingIncome:
      • - $0.00
    • Est. Total Exp:
      • - $0.00
    • TaxAnnualAmount:
      • - $35,232.00
    • Taxyear:
      • - 2019
    • Backup Pkg Avail:
      • - Yes
    • CapRate:
      • - 0.00
  • Miscellaneous
    • Daysonmarket:
      • - 5

For more information on this listing, please contact...