324 Hill StBend, OR 97703

Property Details for 324 Hill St

Year built

1920

Lot size

0.11 AC

Property size (Sq ft)

1,023 SF

Property type

Retail space

APN

171232 DD 02200

APU

171232DD02200

Description

This exceptional 1,023 square foot executive office building, located at 324 NW Hill Street in Bend, Oregon, presents a unique investment opportunity. Completely renovated in 2018, the property boasts a desirable blend of retail and office space, perfect for a variety of uses. The layout includes an open retail area, two private offices, a full kitchen, a sizable storage room, and an attractive restroom complete with a shower. The building sits on a 0.11-acre lot and includes two parking spaces, a valuable asset in this vibrant area. Zoned Commercial General (CG), this property offers flexibility for various business ventures. Its prime location on Bend's west side provides convenient access to downtown Bend, the Market of Choice grocery store, the Box Factory, the Old Mill District, and other popular west side amenities. Furthermore, the property's strategic location offers excellent access to Highway 97/Bend Parkway and Colorado Avenue, ensuring easy commutes and accessibility for clients and employees. The asking price is $650,000, translating to $635.39 per square foot. Note that a separate dispensary license associated with this property is available for purchase. This presents an additional avenue for potential income and expansion. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a thriving Oregon city.

• CAP approach

  CAP return

  Valuation

  6%

  $308,144

  6.5%

  $284,441

  7%

  $264,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,551

  Geo Method

  $660,551

• Alternative Use

  Use

  Valuation

  Residential

  $239,937

  Hospitality

  $219,781

  Educational

  $182,855

  Medical

  $189,144

  Retail

  $284,441

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.054

Longitude

-121.308

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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