934 3Rd StBend, OR 97701

Property Details for 934 3Rd St

Year built

1973

Lot size

0.09 AC

Property size (Sq ft)

2,222 SF

Property type

Office buildings

APN

171233 BC 04200

APU

171233BC04200

Description

This 2,222 square foot storefront at 934 NE 3rd Street in Bend, Oregon, presents a compelling investment or owner-user opportunity. Located on a high-traffic corner at the intersection of NE 3rd and NE Greenwood, this property offers excellent visibility and accessibility. Built in 1973, the single-story building sits on a 0.09-acre lot and is zoned CL-Commercial Limited, allowing for a variety of uses. The current configuration allows for single or multi-tenant occupancy, accommodating up to three tenants. Seven off-street parking spaces are available for customers and employees. The asking price is $1,100,000, translating to $495.05 per square foot. This property is situated within the Bend Opportunity Zone, offering potential tax advantages. The property's strong location and flexible layout make it an attractive option for a variety of businesses seeking a prominent presence in Bend's thriving commercial market. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $455,308

  6.5%

  $420,285

  7%

  $390,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $569,343

  Geo Method

  $569,343

• Alternative Use

  Use

  Valuation

  Residential

  $521,153

  Hospitality

  $477,373

  Educational

  $397,169

  Medical

  $410,828

  Retail

  $617,818

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0595

Longitude

-121.302

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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