24 NW Greenwood Ave - Restaurant FOR SALE


Bend, OR 97703- Downtown Bend
$3,950,000 USD
541-383-2444
24 NW Greenwood Ave, Bend, OR for Sale
$3,950,000 USD
Restaurant - FOR SALE
1/19
null | 5.12% Cap Rate

24 NW Greenwood Ave
Bend, OR 97703
Downtown Bend


HIGHLIGHTS

  • Prime Downtown Location: Situated in the heart of Bend, offering high visibility from both Greenwood Ave. and the Bend Parkway/Hwy 97
  • Recent Renovations: Significant capital investment within the previous 18 months
  • Established Tenant: Silver Moon Brewing, Bend’s third oldest brewery, occupies the property under NNN leases
  • Outdoor Amenities: Seating with fire pits and food cart pod; tenant earns sublease income from carts and concert pavilion
  • Rare On-Site Parking: Uncommon in downtown Bend, highly attractive to tenants and patrons
  • Development Potential: Four CBD-zoned tax lots allow for a future development with building heights up to 65’

OVERVIEW

This rare investment opportunity features a fully leased NNN property in the heart of downtown Bend, anchored by Silver Moon Brewing—Bend’s third oldest and one of its most beloved breweries. Situated across four contiguous tax lots totaling ±0.85 acres, the ±10,708 SF property offers exceptional visibility from both Greenwood Avenue and the Bend Parkway, along with 27 coveted onsite parking spaces—an uncommon amenity in the downtown core. The site includes a vibrant mix of brewery operations, outdoor seating with fire pits, a food cart pod, and live music stages, creating a dynamic, income-generating venue that draws both locals and visitors. Silver Moon also benefits from sublease income generated from the food carts and an outdoor concert pavilion. Recent renovations and capital improvements add to the appeal for long-term stability and value. Zoned Commercial Business District (CBD), the property provides substantial future upside with the potential for vertical redevelopment up to 65 feet in height. This is an ideal opportunity for investors seeking a stable asset with both income and long-term development potential in one of Bend’s most active and iconic downtown locations.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$848 USD /SF

CAP RATE

5.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Investment in Downtown Bend - Silver Moon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,301 SF

ZONING

CG

APN/PARCEL ID

103399

ASK ABOUT THIS PROPERTY

Adam BledsoeCompass Commercial Real Estate ServicesMore Info
541-383-2444

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Adam BledsoeCompass Commercial Real Estate ServicesMore Info
541-383-2444

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