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224 SE Taft Ave - Centrally-Located Commercial Lot 0.29 Acres of Commercial Land Offered at $750,000 in Bend, OR 97702
Investment Highlights
- Close to Old Mill District and Downtown Bend
- Potential for in-place income as buyer works through redevelopment plans (current tenant is month-to-month)
- Easy access to 3rd Street and Highway 97
- CL zoning gives flexibility for mixed-use, commercial, multifamily, and more
Executive Summary
This 0.29-acre commercial lot features two small buildings totaling approximately 1,656 SF (936 SF east building, 720 SF west building) with utilities onsite. Currently, one tenant occupies the property on a month-to-month basis, offering the potential for immediate income while redevelopment plans are pursued. Zoned Limited Commercial (CL), the site allows for a wide variety of uses, including mixed-use, commercial, and multifamily. This property presents an attractive infill opportunity close to downtown Bend and the Old Mill District.
Property Facts
| Price | $750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.29 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | CL - Limited Commercial | ||
| Price | $750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.29 AC |
| Opportunity Zone |
Yes |
| Zoning | CL - Limited Commercial |
1 Lot Available
Lot
| Price | $750,000 | Lot Size | 0.29 AC |
| Price Per AC | $2,586,206.90 |
| Price | $750,000 |
| Price Per AC | $2,586,206.90 |
| Lot Size | 0.29 AC |
Description
Strategically located near the intersection of SE 3rd Street and Highway 97, this centrally positioned property offers strong connectivity to Bend’s primary north-south corridor. The site sits just blocks from the Old Mill District, Box Factory, and downtown Bend, benefiting from surrounding amenities, retail traffic, and established neighborhoods. With CL zoning providing exceptional flexibility, onsite utilities already in place, and redevelopment potential, this site is ideal for developers or investors seeking to establish a foothold in one of Bend’s most active commercial corridors.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Contacts
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Jay Lyons -
Russell Huntamer -
Eli Harrison -
Compass Commercial Real Estate Services
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