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West Side Office Building 123 SW Columbia St 15,082 SF 46% Leased Office Building Bend, OR 97702 $5,950,000 ($394.51/SF)



Investment Highlights
- Excellent Location - Premier west side address adjacent to Safeway Shopping Center
- Broad Zoning - MU zoning allows medical, office, retail, or service uses
- Long-Term Lease - Income in place with long-term lease on the first floor
- Flexible Floor Plans - Designed for either single-tenant or multi-tenant configurations
- Underground Parking - 4,981 SF of secure dedicated garage parking plus ample surface spaces
- Quality Construction - High-end finishes, newer building (2007), and construction well below replacement cost
Executive Summary
123 SW Columbia Street presents a rare opportunity to acquire a high-quality, Class A office property in one of Bend’s most sought-after locations. The two-story building is ideally suited for an investor or owner-user, with the first floor currently leased, providing immediate income, and the second floor available for owner occupancy. The property features flexible layouts, secure parking, premium construction, and MU (Mixed-Urban) zoning, allowing for medical office, general office, retail, or service-oriented businesses.
Located next to the Safeway Shopping Center, the property provides immediate access to restaurants, shopping, banking, and grocery. Its central west side position ensures strong visibility, high traffic counts, and close proximity to Downtown Bend and the Old Mill District. Built in 2007, the building offers high-quality construction at costs well below current replacement value. Features include flexible floor plans, elevator access, secure underground garage parking, abundant natural light, open work areas, and private offices. Situated on a 0.71-acre lot with ample surface parking, the property supports single- or multi-tenant use and creative mixed-use visions. 123 SW Columbia
Street combines income stability, owner-user flexibility, and a premier location in Bend’s thriving commercial market.
Located next to the Safeway Shopping Center, the property provides immediate access to restaurants, shopping, banking, and grocery. Its central west side position ensures strong visibility, high traffic counts, and close proximity to Downtown Bend and the Old Mill District. Built in 2007, the building offers high-quality construction at costs well below current replacement value. Features include flexible floor plans, elevator access, secure underground garage parking, abundant natural light, open work areas, and private offices. Situated on a 0.71-acre lot with ample surface parking, the property supports single- or multi-tenant use and creative mixed-use visions. 123 SW Columbia
Street combines income stability, owner-user flexibility, and a premier location in Bend’s thriving commercial market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,082 SF
Building Class
B
Year Built
2008
Price
$5,950,000
Price Per SF
$394.51
Percent Leased
46%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,541 SF
Building FAR
0.49
Lot Size
0.71 AC
Zoning
MU - Mixed Urban
Parking
16 Spaces (1.06 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The second floor consists of six offices, conference room, breakroom/kitchen, storage, and two open work areas. Both floors can be leased together or separately. NNNs are budgeted for the full building.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 8,072 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 8,072 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Floor
| Size | 8,072 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The second floor consists of six offices, conference room, breakroom/kitchen, storage, and two open work areas. Both floors can be leased together or separately. NNNs are budgeted for the full building.
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Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 165093 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,905,980 |
Property Taxes
Parcel Number
165093
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,905,980
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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West Side Office Building | 123 SW Columbia St
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