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Downtown Bend Historical Building 1033 NW Bond St 8,766 SF 100% Leased Retail Building Bend, OR 97703 $6,500,000 ($741.50/SF) 5% Cap Rate
Investment Highlights
- Iconic Tenants: Americana & Ken's Artisan Pizza
- Downtown Bend location across from Deschutes Brewery and adjacent to new courthouse
- Complete restoration
Executive Summary
A premier historical landmark in downtown Bend, 1033 NW Bond has been thoughtfully restored and is now anchored by two of the city’s busiest dining destinations: Ken’s Artisan Pizza, ranked 8th best pizza in the US this year, and Americana, a Bend staple.
The second floor features a niche, high-end, European-styled albergo. Excess land in the rear of the building allows for future albergo expansion.
With original 17’ ceilings, a building elevator, fire suppression system, ample onsite and offsite parking, this property combines historic charm with excellent income in a prime downtown location.
The second floor features a niche, high-end, European-styled albergo. Excess land in the rear of the building allows for future albergo expansion.
With original 17’ ceilings, a building elevator, fire suppression system, ample onsite and offsite parking, this property combines historic charm with excellent income in a prime downtown location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,766 SF
Building Class
B
Year Built
1920
Price
$6,500,000
Price Per SF
$741.50
Cap Rate
5%
NOI
$325,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 103348 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,583,720 |
Property Taxes
Parcel Number
103348
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,583,720
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Downtown Bend Historical Building | 1033 NW Bond St
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