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Prime Central Oregon Investment Property 1824 NE Division St 5,730 SF 85% Leased Retail Building Bend, OR 97701 $1,750,000 ($305.41/SF)
INVESTMENT HIGHLIGHTS
- Great rental history with easy to lease suites
- 50,000-100,000 vehicles a day pass immediately near building
- Ample parking and easy access on/off Division Street
- Good mix of tenants that provides synergy to the property
- One of the highest traffic corners in Central Oregon
- Located about one mile from downtown Bend
EXECUTIVE SUMMARY
1824 NE Division Street is a classic building with great visibility and easy access. With multiple complementary tenants and located just off Central Oregon’s busiest highway, this property has proven to be an excellent investment. And, there is upside with the potential for increases in rents. The building presently has three vacancies out of eleven suites (with suites just reconfigured to add additional unit to increase revenue), so the upside can begin immediately. This property has a newer roof, fresh interior paint, and a user-friendly floor plan. After decades of owning investment properties throughout the western U.S., the seller is downsizing his portfolio, which includes selling this ideally-located property.
Consider these amenities:
Great rental history with easy to lease suites; Good mix of tenants that provides synergy to the property; 50,000-100,000 vehicles a day pass immediately near building; One of the highest traffic corners in Central Oregon; Ample parking and easy access on/off Division Street; Located about one mile from downtown Bend and near a variety of malls, retail, hotels, restaurants, and more.
In addition, this prime location property could one day be redeveloped. All of this combined makes this a valuable property.
Consider these amenities:
Great rental history with easy to lease suites; Good mix of tenants that provides synergy to the property; 50,000-100,000 vehicles a day pass immediately near building; One of the highest traffic corners in Central Oregon; Ample parking and easy access on/off Division Street; Located about one mile from downtown Bend and near a variety of malls, retail, hotels, restaurants, and more.
In addition, this prime location property could one day be redeveloped. All of this combined makes this a valuable property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
5,730 SF
Building Class
C
Year Built/Renovated
1979/2019
Price
$1,750,000
Price Per SF
$305.41
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
CL - Commercial
Parking
14 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
150’ on Division
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Asking rent is $875 per month. Two suites are available.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 380 SF | Office | - | Now |
2nd Floor
| Size |
| 380 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 380 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Asking rent is $875 per month. Two suites are available.
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $76,570 | Total Assessment | $684,290 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$76,570
Improvements Assessment
$0
Total Assessment
$684,290
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Prime Central Oregon Investment Property | 1824 NE Division St
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