63570 Hunnell RdBend, OR 97703

Property Details for 63570 Hunnell Rd

Lot size

1.46 AC

Property type

Commercial land

APN

171216 B0 00303

APU

171216B000303

Description

This exceptional 1.46-acre parcel, zoned CG, presents a unique investment opportunity in Bend, Oregon's thriving "Golden Triangle." Situated at 63570 NE Hunnell Rd, this property enjoys a prime location adjacent to the Gateway North master-planned development, featuring a new Costco and a proposed 252-unit housing development. The site's proximity to major retailers like Target, Home Depot, and Lowe's ensures high visibility and accessibility. A pre-application concept exists for a five-story mixed-use building, encompassing 713 storage units and 26 multifamily units, with a projected stabilized value of approximately $30,500,000 based on a 5.35% blended cap rate. The property's 126,800 square feet offers significant development potential, with a land value of $40.88 per square foot. The seller is open to partnering with or acting as a fee developer for a new investor looking to pursue the existing concept or explore alternative uses permitted under the CG zoning. This is a rare chance to capitalize on Bend's robust growth and acquire a strategically located asset in a high-demand area. The asking price is $2,600,000.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $26,908,500

  Retail / Commercial

  $14,007,500

  Mixed-Use / Specialty

  $14,122,300

  Hospitality / Lodging

  $10,575,500

  Office

  $14,209,900

  Institutional / Educational

  $14,740,400

  Residential Income

  $17,246,200

  Multifamily

  $19,771,200

  Automotive / Energy

  $12,634,600

  Parking / Income-Based Land

  $4,197,330

  Restaurant / Food Service

  $7,696,600

  Healthcare / Senior Housing

  $14,313,300

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.1079

Longitude

-121.301

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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