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Investment Highlights
- High traffic counts
- Set your rents at market
- Flexibility, with units currently vacant
Executive Summary
Price Improvement! Now offered at just $565,000. High-visibility commercial property located on busy Broadway Avenue in North Bend, offering excellent exposure, strong traffic counts, and convenient access with off-street parking and easy ingress/egress. Situated on a .42-acre lot, the property features two versatile buildings with a wide range of potential uses (buyer to verify with the City of North Bend). The first building, originally constructed in 1921 and fully remodeled, is approximately 1,056 square feet and is well-suited for professional or medical office use. It includes multiple exam rooms or offices, a spacious lobby/reception area, two restrooms, and a kitchenette. The second structure built in 1973 is a 2,560 square foot brick building currently configured into two separate units, offering flexibility for dual tenancy or single-user occupancy. The layout allows for easy conversion to one larger space if desired. Surrounded by ongoing development and expanding commercial activity, this property presents a strong opportunity for investors or owner-users seeking a well-located asset with income and redevelopment potential. North Bend has a lot of commercial activity going on - get in while you can!
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
$565,000
Price Per SF
$156.25
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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