1244 Galveston AveBend, OR 97703

Property Details for 1244 Galveston Ave

Year built

1987

Lot size

0.13 AC

Property size (Sq ft)

1,880 SF

Property type

Retail space

Property subtype

Storefront properties

APN

171231 DB 05400

APU

171231DB05400

Description

This exceptional 1,880 square foot commercial property is situated on a desirable 0.13-acre lot in Bend, Oregon's coveted Galveston Corridor on the Westside. The building boasts a strong, long-term tenant, presenting a compelling investment opportunity with consistent rental income. Its prime location offers unparalleled convenience, being within walking distance of Drake Park, the vibrant downtown Bend area, and the scenic Deschutes River. On-site parking is readily available for both tenants and visitors, enhancing the property's overall appeal and functionality. The building itself is of high quality construction, ensuring durability and low maintenance costs for the investor. This property represents a rare chance to acquire a well-established commercial asset in a thriving and highly sought-after area of Bend, Oregon. The combination of a strong tenant, excellent location, and quality construction makes this an ideal investment for those seeking stable returns and long-term growth potential in a dynamic market. The property's proximity to key amenities and recreational areas further enhances its value and attractiveness to both tenants and investors. This is a turnkey investment opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $566,287

  6.5%

  $522,727

  7%

  $485,389

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,213,915

  Geo Method

  $1,213,915

• Alternative Use

  Use

  Valuation

  Residential

  $440,939

  Hospitality

  $403,898

  Educational

  $336,038

  Medical

  $347,595

  Retail

  $522,727

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0569

Longitude

-121.33

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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