477 NE Greenwood Ave - Loft/Creative Space FOR SALE


Bend, OR 97701
$977,100 USD
541-480-2526
477 NE Greenwood Ave, Bend, OR for Sale
$977,100 USD
Loft/Creative Space - FOR SALE
1/24
null | Request Cap Rate

477 NE Greenwood Ave
Bend, OR 97701


HIGHLIGHTS

  • Highly Visible Light Medical/Office Offering
  • High Traffic Counts 29,400 AADT/per day (2023 ODOT Study)
  • New Roof replaced in 2023
  • Greenwood Avenue Frontage
  • Versatile property Owner/User or Investment = prime asset
  • Significant and strategically located building on main arterial

OVERVIEW

Standard Sale Conditions-Introducing 477 Greenwood Avenue, an attractive medical office building For Sale. Excellent Owner/User or Investment offering perfect for an owner/user looking to occupy part or all of the space or for Investors seeing a prime asset. The building offers a flexible single or multi-tenant setup with lower and upper level suites, private offices, welcoming reception area, dedicated points of entry, restrooms, 11 dedicated parking stalls with four (4) being covered. New paver patio entry to lower-level has just completed. 477 NE Greenwood is a property that has significant and strategic location with exceptional curb appeal. 0.16/AC (6,969.6+/-SF CL zoned lot), Tax Map/Lot: 1171233BC 08200-Originaly designed and constructed in 1964, 3.068+/-SF building (Suite A: 617+/-RSF)/ Suite B: 613+/-RSF) with balance of square feet on the main street level currently leased by Cascade Chiropractic and will vacate upon close of sale. (See brochure and below for other lease info). UIC has just completed Rule Authorized registration with State of Oregon DEQ, Water, Sewer, Electrical, Gas and Teleco all to the building. Wood frame/concrete block construction, roof replaced in 2023 w/membrane roofing system. Separate HVAC units between the upper level & lower level with upper level suites having own thermostats. Split-level light-medical/office building with One (1)unisex restroom and the upper level suites with dedicated private points of entry and One (1) common area unisex restroom on the upper level. CAT 5 Data available, 220amp/240v electrical service, high visible corner at Greenwood Ave & NE 5th Street, Eleven (11) dedicated parking stalls, Four (4) covered, with parking lot lighting. Three (3) Tenants currently, Cascade Chiropractic, Smooth Esthetics & Vestibular Therapy Specialist, large post-mount monument signage. With short-term tenants in place, this property is ideal for Owner/User looking to occupy and customize their own space while maintaining some lease income. The flexible tenant terms allow for easy conversion to owner-occupied space. 477 Greenwood will help build equity while you work, provide tax advantages that work for you, showcase your business brand in a high-profile location and have a space that will grow with you. Located in a bustling mid-town area of Bend with high traffic counts, corner lot exposure ensures maximum visibility. Conveniently located on the SW corner of Greenwood Avenue & 5th Street, property has high exposure, strong traffic counts adding to the professional appeal of the property. A busy and thriving area, the traffic counts on NE Greenwood (Hwy 20) are over 29,400 AADT/per day. (2023 ODOT study). NE Greenwood Avenue continues to be a dynamic business corridor benefited by being a main NW/NE (Hwy 20) arterial. Property is close to downtown Bend, 2.5 miles to Bend's medical community and 27th Street retail hub. Property has easy access to business Third Street (Hwy 97), frontage on Greenwood Avenue (Hwy 20) in the "midtown" corridor of Bend.

FOR SALE DETAILS

PRICE

$977,100 USD

PRICE/SF

$318 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

GREENWOOD PROFESSIONAL BUILDING

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CL

APN/PARCEL ID

105353

ASK ABOUT THIS PROPERTY

Brian FratzkeFratzke Commercial Real Estate Advisors, Inc.More Info
541-480-2526

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Brian FratzkeFratzke Commercial Real Estate Advisors, Inc.More Info
541-480-2526

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