1824 NE Division St - Retail FOR SALE


Bend, OR 97701- Orchard District
$1,750,000 USD
541-325-2027
1824 NE Division St, Bend, OR for Sale
$1,750,000 USD
Retail - FOR SALE
1/16
null | Request Cap Rate

1824 NE Division St
Bend, OR 97701
Orchard District


HIGHLIGHTS

  • Great rental history with easy to lease suites
  • Good mix of tenants that provides synergy to the property
  • 50,000-100,000 vehicles a day pass immediately near building
  • One of the highest traffic corners in Central Oregon
  • Ample parking and easy access on/off Division Street
  • Located about one mile from downtown Bend

OVERVIEW

1824 NE Division Street is a classic building with great visibility and easy access. With multiple complementary tenants and located just off Central Oregon’s busiest highway, this property has proven to be an excellent investment. And, there is upside with the potential for increases in rents. The building presently has three vacancies out of eleven suites (with suites just reconfigured to add additional unit to increase revenue), so the upside can begin immediately. This property has a newer roof, fresh interior paint, and a user-friendly floor plan. After decades of owning investment properties throughout the western U.S., the seller is downsizing his portfolio, which includes selling this ideally-located property. Consider these amenities: Great rental history with easy to lease suites; Good mix of tenants that provides synergy to the property; 50,000-100,000 vehicles a day pass immediately near building; One of the highest traffic corners in Central Oregon; Ample parking and easy access on/off Division Street; Located about one mile from downtown Bend and near a variety of malls, retail, hotels, restaurants, and more. In addition, this prime location property could one day be redeveloped. All of this combined makes this a valuable property.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Central Oregon Investment Property

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CL

APN/PARCEL ID

101657,101658

ASK ABOUT THIS PROPERTY

Ken StreaterAligned Commercial Real EstateMore Info
541-325-2027

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Ken StreaterAligned Commercial Real EstateMore Info
541-325-2027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.