61379 Highway 97Bend, OR 97702

Property Details for 61379 Highway 97

Year built

2008

Lot size

0.68 AC

Property size (Sq ft)

4,394 SF

Property type

Banks

APN

181208 DB 00700

APU

181208DB00700

Description

This exceptional 4,394-square-foot retail space is ideally situated at 61379 S Hwy 97 in Bend, Oregon, within Deschutes County. Built in 2008, the property boasts a single-tenant occupancy and is currently entirely vacant, presenting a unique opportunity for a new business to establish a strong presence. The building sits on a sizable 0.68-acre lot, offering ample space for potential expansion or outdoor amenities. Its Commercial General (CG) zoning allows for a wide range of commercial uses, providing flexibility for prospective tenants. The property's location on Highway 97 ensures high visibility and accessibility, making it an attractive option for businesses seeking maximum exposure to a significant volume of traffic. The entire 4,394 square feet is available for lease, providing a substantial footprint for a variety of retail concepts. The property's 2008 construction suggests a relatively modern building with updated infrastructure, minimizing the need for extensive renovations. Its strategic location in Bend, Oregon, a thriving city with a robust economy, further enhances its appeal to potential tenants. The 97702 zip code indicates a location within a well-established commercial area, likely benefiting from existing infrastructure and customer base. This property represents a compelling investment opportunity for businesses seeking a prominent location with significant visibility and ample space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,323,545

  6.5%

  $1,221,734

  7%

  $1,134,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,837,204

  Geo Method

  $2,837,204

• Alternative Use

  Use

  Valuation

  Residential

  $1,030,578

  Hospitality

  $944,004

  Educational

  $785,401

  Medical

  $812,412

  Retail

  $1,221,734

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0285

Longitude

-121.313

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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