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1819 NE Division St 2,024 SF Retail Building Bend, OR 97701 $1,100,000 ($543.48/SF) 6.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent location at signalized corner
- Broad zoning allows for a variety of uses and/or development concepts
- In-place income through July 2028 (Tenant’s lease expires June 30th 2028 with no options to renew)
- Immediate access to and from Hwy 97
- Visible from the Parkway
- Perfect for retail, office, or mixed-use residential development
EXECUTIVE SUMMARY
Situated on a highly visible corner lot at 1819 NE Division Street in Bend, this 0.44-acre property offers excellent exposure and immediate access to Highway 97. The 2,024 SF building is currently leased to Boneyard Pub, providing in-place income through July 2028 with a 6.04% cap rate. Zoned Limited Commercial (CL), the site allows for a variety of future uses including retail, office, or mixed-use residential development. Its strategic location at a signalized intersection, combined with strong area demographics, makes this an exceptional investment opportunity in one of Bend’s busiest corridors. Do not disturb tenant.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,024 SF
Building Class
C
Year Built
1962
Price
$1,100,000
Price Per SF
$543.48
Cap Rate
6.04%
NOI
$66,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
CL - Limited Commercial
Frontage
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Local Motors
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Local Motors | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (74)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 101647 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $343,440 |
PROPERTY TAXES
Parcel Number
101647
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$343,440
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1819 NE Division St
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