1061 E Desperado Trl
Sisters, OR 97759
Land For Sale · 0.46 AC

FINANCING: Subject to Seller’s approval of Purchaser’s credit: A 30% down payment with the balance secured by a first deed of trust, amortized over 25 years at 6% interest, calling for monthly payments of principal and interest; all due and payable at the end of 3 years DESCRIPTION: This 22,651± square foot mixed-use development site is part of the master-plan FivePine Campus in the heart of Central Oregon’s four seasons resort community of Sisters, located along Highway 20. FivePine Lodge & Conference Center is near the auction property, and is rated as one of the top hotels within Oregon, with four meeting rooms and a capacity for 250 guests. The lodge is used as one of the venues for the annual Sisters Folk Festival, which attracts over 4,000 attendees every second weekend in September. The lodge is also used as part of the Sisters Outdoor Quilt Show, which attracts over 10,000 attendees from throughout the United States annually, every second Saturday in July. Both Three Creeks Brewing Company and Sisters Movie House are located at FivePine Campus, along with Sisters Athletic Club, restaurants, and several other businesses. The commercial zoning will allow mixed- use development including residential, extended stay, and hospitality uses, with the site being available to accommodate up to a two story building. The 22,651± square foot site has 100± feet of frontage along E. Desperado Trail, depth of 235 feet on the western boundary, and 199 feet on the eastern boundary. There are CC&Rs and architectural reviews in place. The rear of the property is along a pedestrian walkway that serves nearby FivePine Lodge and Cabins. The recent announcement in December 2018 of a proposed expansion of Sisters-based Laird Superfood is projected to expand employment at its new facilities from 70 to 500 employees, over the next three to five years. See Supplemental Information Package for newspaper article with announcement. The city’s first assisted living community, The Lodge in Sisters, has opened this past summer 2019, along with a new thirty-nine room GrandStay Hotel & Suites which has also just opened and is by an existing retail center which includes Ray’s Food Place, Chevron Gas Station, and McDonald’s, at the western end of Sisters. FivePine Campus is located along Highway 20 at the east end of Sisters, near the intersection with Highway 126, the major route to Bend and to Redmond. Oregon Department of Transportation estimates up to five million vehicles a year pass through Sisters on Highway 20, a major route from the Willamette Valley and Eugene east to Bend and nearby resorts, and south to Klamath Falls. The 2018-2019 Deschutes County Real Market Value is $228,750 with taxes of $3,624. Acquisition of this mixed-use development site has the added incentive of seller financing, providing opportunity to take advantage of the growth in Sisters as both a year-round community, and as a resort destination within the FivePine Campus