1701 3Rd StBend, OR 97701

Property Details for 1701 3Rd St

Year built

1979

Lot size

0.43 AC

Property size (Sq ft)

8,295 SF

Property type

Banks

APN

171228 CC 05603

APU

171228CC05603

Description

This exceptional retail property in Bend, Oregon, offers a unique opportunity for businesses seeking a prominent location. Located at 1701 NE 3rd St, in Deschutes County, this former bank building boasts a total of 16,603 square feet of commercial space. Currently, there is 8,295 square feet of vacant space available, divisible into units as small as 3,100 square feet, with a maximum contiguous space of 8,295 square feet. The property is classified as multi-tenant retail, providing flexibility for various business types. Its prime location in Bend, Oregon, zip code 97701, offers excellent visibility and accessibility, making it an ideal space for businesses seeking high foot traffic and strong brand exposure. The building's history as a bank suggests a solid foundation and potentially desirable architectural features. This is a rare opportunity to secure a substantial and well-situated retail space in a thriving Oregon market. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,498,591

  6.5%

  $2,306,392

  7%

  $2,141,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,356,078

  Geo Method

  $5,356,078

• Alternative Use

  Use

  Valuation

  Residential

  $1,945,528

  Hospitality

  $1,782,093

  Educational

  $1,482,680

  Medical

  $1,533,672

  Retail

  $2,306,392

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0669

Longitude

-121.303

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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