706 Greenwood AveBend, OR 97701

  • Commercial real estate
  • 4,349 SF
For Sale
$2,800,000 View listing

Property Details for 706 Greenwood Ave

Year built
2015
Lot size
0.30 AC
Property size (Sq ft)
4,349 SF
Property type
Commercial real estate
APN
171233 BD 07400
APU
171233BD07400

Description

This exceptional 4,349 square foot Class A commercial building, constructed in 2015, presents a compelling investment opportunity in the thriving city of Bend, Oregon. Located on a 0.3-acre lot at 706 NE Greenwood Avenue, the property boasts excellent curb appeal and significant construction value. Its prime location strategically sits between Bend's vibrant downtown area and major medical facilities, ensuring high visibility and accessibility. The building is currently 100% occupied by three tenants under existing leases, providing immediate and consistent cash flow. Convenient surface parking is available in the rear, supplemented by ample street parking. Tenants enjoy desirable amenities including patio dining, a fire pit, and direct storefront access. The building's high-quality construction and strong tenant base make this a rare find in the competitive Bend commercial real estate market. This is a turnkey investment property ideal for a discerning buyer seeking a stable and appreciating asset in a rapidly growing area. The asking price is $2,800,000. Don't miss this chance to acquire a truly exceptional commercial property in a prime Bend location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,020,024
    Hospitality
    $934,337
    Educational
    $777,357
    Medical
    $804,092
    Retail
    $1,209,222

Location Insight

City
Bend
County
Deschutes
State
Oregon
Latitude
44.0603
Longitude
-121.295
CBSA code
13460
CBSA name
BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,274
-
-
$1,080,540
-
$521,750
$1,430,750
$1,952,500

FAQs

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