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23 NW Greenwood Ave 4,100 SF Retail Building Bend, OR 97703 $1,700,000 ($414.63/SF)
Investment Highlights
- Approximately 4,100 SF single-story office building on a high-visibility Hwy 97 (Bend Parkway) corridor
- 12 private offices, reception and waiting area, and 4 separate entrances. Ideal for multi-tenant or medical conversion
- Rear parking with excellent accessibility for clients and employees
- Traffic counts of 53,278 vehicles per day on Bend Parkway (2025). Excellent exposure for client-facing or service tenants
- 3 bathrooms, including 1 full bath, supporting medical or service-based use
- Strong owner-user or investment opportunity in a desirable, supply-constrained Bend submarket
Executive Summary
Set on one of Bend's busiest corridors, this approximately 4,100 SF single-story office building offers a rare combination of visibility, flexibility, and functionality. With more than 53,000 vehicles passing daily on the Bend Parkway, the location delivers exposure that's hard to find for client-facing professional, medical, or service-based businesses.
Inside, the building is configured for adaptability: 12 private offices, a welcoming reception and waiting area, and three bathrooms including one full bath. Four separate entrances make the layout especially well suited to multi-tenant occupancy or a medical conversion, giving an owner-user room to grow or an investor a built-in path to lease-up.
Renovations completed in 2005, along with newer HVAC and consistent ongoing maintenance. Rear parking and easy accessibility keep things convenient for both clients and employees.
Opportunities of this size and functionality rarely surface in such a desirable Bend location. Whether you're an owner-user seeking flexibility or an investor looking for a strong commercial asset with multi-tenant upside, 23 NW Greenwood is positioned to deliver.
Inside, the building is configured for adaptability: 12 private offices, a welcoming reception and waiting area, and three bathrooms including one full bath. Four separate entrances make the layout especially well suited to multi-tenant occupancy or a medical conversion, giving an owner-user room to grow or an investor a built-in path to lease-up.
Renovations completed in 2005, along with newer HVAC and consistent ongoing maintenance. Rear parking and easy accessibility keep things convenient for both clients and employees.
Opportunities of this size and functionality rarely surface in such a desirable Bend location. Whether you're an owner-user seeking flexibility or an investor looking for a strong commercial asset with multi-tenant upside, 23 NW Greenwood is positioned to deliver.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,100 SF
Building Class
C
Year Built/Renovated
1941/2005
Price
$1,700,000
Price Per SF
$414.63
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CG
Parking
5 Spaces (1.27 Spaces per 1,000 SF Leased)
Frontage
63’ on NW Greenwood Ave
Amenities
- Freeway Visibility
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 103412 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $226,500 |
Property Taxes
Parcel Number
103412
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,500
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23 NW Greenwood Ave
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