17355 Spring River RdBend, OR 97707

  • Grocery and convenience stores
  • 5,742 SF
For Lease
$6/SF/YR View listing

Property Details for 17355 Spring River Rd

Year built
2000
Lot size
0.51 AC
Property size (Sq ft)
5,742 SF
Property type
Grocery and convenience stores
APN
201107 B0 00107
APU
201107B000107

Description

Spring River Plaza, located at 17355 Spring River Rd, Bend, OR 97707, presents a unique commercial opportunity. This 5,742 square foot building, situated on one acre of land and built in 1960, offers flexible spaces ideal for various business types. The property is zoned Rural Commercial and enjoys high visibility on Spring River Road, serving as a key location for traffic to and from Mt. Bachelor and Sunriver. The building features three suites, with a minimum divisible space of 350 square feet and a maximum contiguous space of 1,900 square feet. An upstairs area of approximately 2,000 square feet, accessible via a locked entrance, provides ample space for customization, suitable for private offices or a co-working environment. Additionally, a substantial 5,440 square feet of secured outdoor space, enclosed by a cyclone fence, offers potential for storage, equipment display, or other business uses. The property benefits from strong existing tenants and a location surrounded by established subdivisions, ensuring consistent foot traffic. This versatile property is perfect for businesses seeking to capitalize on the growing market in this desirable area near Sunriver. The cross street is Lunar Dr.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,729,585
    6.5%
    $1,596,540
    7%
    $1,482,502
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,707,607
    Geo Method
    $3,707,607
  • Alternative Use

    Use
    Valuation
    Residential
    $1,346,742
    Hospitality
    $1,233,608
    Educational
    $1,026,347
    Medical
    $1,061,645
    Retail
    $1,596,540

Location Insight

City
Bend
County
Deschutes
State
Oregon
Latitude
43.8626
Longitude
-121.458
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
$5,521
-
-
$315,750
-
$134,500
$183,320
$317,820

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