63011 Highway 97Bend, OR 97703

Property Details for 63011 Highway 97

Year built

1997

Lot size

0.87 AC

Property size (Sq ft)

10,500 SF

Property type

Office buildings

APN

171220 A0 00600

APU

171220A000600

Description

This exceptional 7,000-square-foot retail property, located at 63011 N Highway 97 in Bend, Oregon (zip code 97703), presents a unique opportunity for businesses seeking high-traffic exposure. The entire space is currently vacant, offering a blank canvas for a new tenant to customize to their specific needs. The property is zoned Commercial General (CG), allowing for a wide range of retail uses. The building's total square footage is 7,000 square feet, all of which is available for lease. This prime location offers excellent visibility and accessibility from Highway 97, ensuring significant foot and vehicle traffic. The property is situated at latitude 44.0880594 and longitude -121.3067091. This is a multi-tenant building, although currently, the entire space is available for lease. The property is ideal for a single large tenant or could be subdivided to accommodate multiple smaller businesses, depending on the tenant's requirements and lease agreement. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a substantial retail space in a thriving Bend, Oregon location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,151,546

  6.5%

  $1,986,043

  7%

  $1,844,183

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,690,415

  Geo Method

  $2,690,415

• Alternative Use

  Use

  Valuation

  Residential Income

  $2,462,693

  Hospitality / Lodging

  $2,255,814

  Institutional / Educational

  $1,876,811

  Healthcare / Senior Housing

  $1,941,357

  Retail / Commercial

  $2,919,483

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0881

Longitude

-121.307

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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