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105 NE Franklin Ave - Central Bend Development Opportunity 3.53 Acres of Commercial Land Offered at $8,815,000 in Bend, OR 97701
Investment Highlights
- Planning and entitlement groundwork completed for a previously advanced mixed-use redevelopment concept.
- Split ME and CL zoning supports a wide range of mixed-use, employment, and commercial development concepts.
- Located within the Bend Central District Overlay, a targeted area for infill growth and urban investment.
- Street, utility, pedestrian, bicycle, and multimodal corridor improvements are underway along Franklin Avenue.
- Seven tax lots totaling ±3.53 AC provide meaningful scale for phased redevelopment and coordinated site planning.
- Situated in a federally designated Opportunity Zone offering potential long-term investment advantages.
Executive Summary
This seven-lot portfolio totals ±3.53 acres in a central Bend location along the Franklin Avenue corridor. Positioned just east of the Bend Parkway (US 97), the Property benefits from strong regional connectivity and convenient access to Downtown Bend, the Old Mill District, and surrounding commercial districts.
The Property includes split zoning of Mixed-Use Employment (ME) and Commercial Limited (CL), supporting a range of employment, commercial, and mixed-use concepts, subject to City of Bend approvals. The site is located within the Bend Central District (BCD) Overlay and a federally designated Opportunity Zone, frameworks intended to encourage infill redevelopment and long-term capital investment.
The combined ±3.53-acre site provides meaningful scale within the urban core and supports coordinated site planning or phased development strategies. Proximity to US 97 enhances accessibility, while nearby residential neighborhoods and established commercial amenities contribute to sustained activity in the surrounding area.
The Property includes split zoning of Mixed-Use Employment (ME) and Commercial Limited (CL), supporting a range of employment, commercial, and mixed-use concepts, subject to City of Bend approvals. The site is located within the Bend Central District (BCD) Overlay and a federally designated Opportunity Zone, frameworks intended to encourage infill redevelopment and long-term capital investment.
The combined ±3.53-acre site provides meaningful scale within the urban core and supports coordinated site planning or phased development strategies. Proximity to US 97 enhances accessibility, while nearby residential neighborhoods and established commercial amenities contribute to sustained activity in the surrounding area.
Property Facts
1 Lot Available
Lot
| Price | $8,815,000 | Lot Size | 3.53 AC |
| Price Per AC | $2,497,167.14 |
| Price | $8,815,000 |
| Price Per AC | $2,497,167.14 |
| Lot Size | 3.53 AC |
3.53 AC assemblage consisting of seven tax lots in Bend’s Bend Central District. Zoned ME & CL with Opportunity Zone designation and excellent access to US 97, Downtown Bend, Midtown, and the Old Mill District, supporting a variety of redevelopment.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
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