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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

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

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.