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2184 Broadway Ave 3,616 SF Office Building North Bend, OR 97459 $595,000 ($164.55/SF)
Investment Highlights
- High traffic counts
- Set your rents at market
- Flexibility, with units currently vacant
Executive Summary
Investors, take note! This high-visibility commercial opportunity sits directly on North Bend’s busy Broadway Avenue, surrounded by new developments and growing commercial activity. With all units recently vacated, this property offers rare flexibility for an owner-occupant or the ability to quickly position for current lease rates. The property most recently brought in $4,200/month. It is consisting of two separate buildings: a large single-level brick structure divided into two tenant spaces, plus a stand-alone upper building most recently utilized as a medical office with lobby and multiple private rooms. Strong visibility, off-street parking, and easy ingress/egress add to the long-term value. Zoning allows for a variety of potential uses—check with the City of North Bend to explore development or redevelopment possibilities. A prime location with exceptional traffic counts and versatile structures makes this a smart investment in a fast-growing area.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$13.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$13.94
|
| Taxes |
$5,028
|
$1.39
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,028
|
$1.39
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $13.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $13.94 |
| Taxes | |
|---|---|
| Annual | $5,028 |
| Annual Per SF | $1.39 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,028 |
| Annual Per SF | $1.39 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,616 SF
Building Class
C
Year Built
1973
Price
$595,000
Price Per SF
$164.55
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,616 SF
Building FAR
0.20
Lot Size
0.42 AC
Zoning
C - Commercial
Parking
20 Spaces (5.53 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1005935600 | Total Assessment | $339,670 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $5,028 ($1.39/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
1005935600
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$339,670 (2025)
Annual Taxes
$5,028 ($1.39/SF)
Tax Year
2024 Payable 2025
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2184 Broadway Ave
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