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Bend Central District Retail Property 355 NE 2nd St 21,376 SF Industrial Building Bend, OR 97701 $2,200,000 ($102.92/SF)

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INVESTMENT HIGHLIGHTS

Big box retailer owner user opportunity
Located in the Bend Central District
Direct city street access on NE Dekalb Avenue

Retail portion of the building has been updated
Adjacent to the new Platform multifamily development with 199 units
Potential for redevelopment with zoning allowing for a variety of uses including multifamily, commercial, hospitality, mixed use and more

EXECUTIVE SUMMARY

PRICE REDUCED! This property offers a unique big-box retailer owner-user opportunity in the thriving Bend Central District. This versatile property encompasses 21,376 SF on a 1.43-acre lot, featuring an updated ±10,200 SF retail/showroom portion and an additional ±11,176 SF of warehouse and office space. With a ceiling height of 9’ 4” max at the grid, the building is designed to meet diverse business needs. Located adjacent to the planned Platform multifamily development with 199 units, it promises increased future visibility and foot traffic. The property also offers direct city street access on NE Dekalb Avenue. With potential for redevelopment, the zoning allows for various uses, including multifamily, commercial, hospitality, and mixed-use.
Building also available for lease.

Marketing Flyer 7-25

PROPERTY FACTS

Price	$2,200,000	Rentable Building Area	21,376 SF
Price Per SF	$102.92	No. Stories	1
Sale Type	Investment or Owner User	Year Built/Renovated	1925/2011
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse General Retail Storefront	Clear Ceiling Height	10’
Building Class	C	No. Dock-High Doors/Loading	2
Lot Size	1.43 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CL - Commercial Limited (CL) with Bend Central District Overlay

Price	$2,200,000
Price Per SF	$102.92
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse General Retail Storefront
Building Class	C
Lot Size	1.43 AC
Rentable Building Area	21,376 SF
No. Stories	1
Year Built/Renovated	1925/2011
Tenancy	Single
Clear Ceiling Height	10’
No. Dock-High Doors/Loading	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CL - Commercial Limited (CL) with Bend Central District Overlay

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Walk Score®

Very Walkable (73)

Bike Score®

Biker's Paradise (91)

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PROPERTY TAXES

Parcel Number	104726	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$943,230

PROPERTY TAXES

Parcel Number

104726

Land Assessment

Improvements Assessment

Total Assessment

$943,230

(541) 350-8900

CONTACTS

Pat Kesgard
Kristie Schmitt
Compass Commercial Real Estate Services

Listing ID: 31153886
Date on Market: 3/7/2024
Last Updated:
Address: 355 NE 2nd St, Bend, OR 97701

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