2221 NE 3rd Street, Bend, OR 97701
$4,700,000
Property Type:
Commercial Sale
Square Footage:
36,253
Lot Size (sq. ft.):
91,476
Status:
Closed
Current Price:
$4,700,000
List Date:
1/28/2022
Last Modified:
2/10/2026
Description
This is an excellent opportunity to acquire a high-quality retail building in the heart of Bend. The location cannot be beat with great visibility and access from business highway 97/third street. The property is located in the middle of one of the major shopping areas of Bend.
The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse.
This is an opportunity to buy a very high-quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available.
The building value is based on current rental rates and net income. With rents for the entire building averaging well below market rates this gives a buyer tremendous upside potential in value by bringing rents closer to market ra
The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse.
This is an opportunity to buy a very high-quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available.
The building value is based on current rental rates and net income. With rents for the entire building averaging well below market rates this gives a buyer tremendous upside potential in value by bringing rents closer to market ra
Supplements: ********
More Information MLS# 201910657
Location, Tax, and Legal
Cross Street: Webster Ave
Section: NE
Parcel Number: 100642
Tax Map Number: 171228CB
Tax Lot: 2-6
Tax Block: 22
Lot Size Acres: 2.1
Lot Size Square Feet: 91476
Additional Parcels YN: No
Contract Information
Dual Listing YN: No
Original List Price: 4500000
Current Price: $4,700,000
Status: Closed
Sold Price: $4,700,000
Listing Contract Date: 2019-12-01
Currently Not Used
List Price per SqFt: 124.13
General Property Information
Building Area Total: 36253
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 4
New Construction YN: No
Zoning: ME
Tax Annual Amount: 35232
Tax Year: 2019
CC&R's YN: No
Preferred Escrow Company & Officer: Boot Barn Building
FIRPTA YN: No
Sign On Property YN: Yes
Year Built: 1996
Remarks and Miscellaneous
Public Remarks: This is an excellent opportunity to acquire a high-quality retail building in the heart of Bend. The location cannot be beat with great visibility and access from business highway 97/third street. The property is located in the middle of one of the major shopping areas of Bend.
The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse.
This is an opportunity to buy a very high-quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available.
The building value is based on current rental rates and net income. With rents for the entire building averaging well below market rates this gives a buyer tremendous upside potential in value by bringing rents closer to market ra
The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse.
This is an opportunity to buy a very high-quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available.
The building value is based on current rental rates and net income. With rents for the entire building averaging well below market rates this gives a buyer tremendous upside potential in value by bringing rents closer to market ra
Status Change Information
Sold Price per SqFt: 129.64
Close Date: 2022-04-13
Under Contract Date: 2022-01-24
Status Change Timestamp: 2022-05-09
Close Price: 4700000
Business Type (AKA Sub Type)
Retail: 1
Common Walls
2+ Common Walls: 1
Cooling
Central Air: 1
Construction Materials
Block: 1
Brick: 1
Frame: 1
Miscellaneous Information
Confidentiality/Non-Disclosure Agreement: Yes
Backup Package Available: Yes
Flooring
Carpet: 1
Concrete: 1
Vinyl: 1
Listing Terms
Cash: 1
Foundation Details
Slab: 1
Heating
Forced Air: 1
Levels
Two: 1
Roof
Metal: 1
Security Features
Fire Sprinkler System: 1
Unit 1
Tenant Name: Eagle Mountain
Square Footage: 17141
Status: Leased
Unit 2
Tenant Name: Absolute Horse
Square Footage: 3775
Status: Leased
Unit 3
Tenant Name: Boot Barn
Square Footage: 10675
Status: Leased
Unit 4
Tenant Name: Available
Square Footage: 4910
Price Per SqFt: 1.5
Rent Escalators: Yes
Option to Extend: Yes
Status: Vacant
View
Territorial: 1
Existing Lease Type
Call Listing Agent: 1
Business Details
Business Included?: No
Owner Pays
Other: 1
Tenant Pays
Common Area Maintenance: 1
Electricity: 1
Gas: 1
Insurance: 1
Interior Maintenance: 1
Janitorial Service: 1
Repairs: 1
Sewer: 1
Taxes: 1
Water: 1
Parking Features
Asphalt: 1
Parking Lot: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Water Source
Public: 1
Parking Details
Parking: Yes
# of Parking Spaces: 162
Special Listing Conditions
Standard: 1
Location Tax and Legal
Street Number: 2221
Street Dir Prefix: NE
Street Name: 3rd
Street Suffix: Street
County: Deschutes
State: OR
Postal Code: 97701
Subdivision Name: Riverside
Property Features
Common Walls: 2+ Common Walls
Construction Materials: Block; Brick; Frame
Cooling: Central Air
Flooring: Carpet; Concrete; Vinyl
Foundation Details: Slab
Heating: Forced Air
Levels: Two
Roof: Metal
Security Features: Fire Sprinkler System
Existing Lease Type: Call Listing Agent
Business Type (AKA Sub Type): Retail
Owner Pays: Other
Tenant Pays: Common Area Maintenance; Electricity; Gas; Insurance; Interior Maintenance; Janitorial Service; Repairs; Sewer; Taxes; Water
Utilities: Electricity Connected
Parking Features: Asphalt; Parking Lot
View: Territorial
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash
Special Listing Conditions: Standard
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.