Bend, OR 97703
$2,525,000
Property Type:
Commercial Sale
Square Footage:
8,268
Lot Size (sq. ft.):
13,939
Status:
Closed
Current Price:
$2,525,000
List Date:
12/12/2016
Last Modified:
2/10/2026
More Information MLS# 201601782
Location, Tax, and Legal
Unit Number: 1
Cross Street: Oregon Avenue
Section: NW
Parcel Number: 250226
Tax Map Number: 171232DB
Tax Lot: 1
Tax Block: N/A
Lot Size Acres: 0.32
Lot Size Square Feet: 13939
Currently Not Used
List Price per SqFt: 320.5128
General Property Information
Building Area Total: 8268
Building Area Source: Assessor
New Construction YN: No
Building Permit Issued YN: Yes
Building Permit #: 11-2525
Estimated Completion Date: 2016-03-04
Zoning: CB
Tax Annual Amount: 18666.99
Tax Year: 20106
CC&R's YN: Yes
Sign On Property YN: No
Year Built: 2009
Remarks and Miscellaneous
Leased Components: None
Status Change Information
Sold Price per SqFt: 305.3942
Close Date: 2017-05-31
Under Contract Date: 2017-04-06
Status Change Timestamp: 2017-06-04
Close Price: 2525000
Business Type (AKA Sub Type)
Income/Investment: 1
Restaurant: 1
Retail: 1
Other: 1
Income and Expenses (Annual Amounts)
Cap Rate %: 6.1
Estimated Gross Operating Income $: 176668
Net Operating Income: 164301
Vacancy %: 5
Cooling
Heat Pump: 1
Construction Materials
Block: 1
Brick: 1
Frame: 1
Miscellaneous Information
Confidentiality/Non-Disclosure Agreement: Yes
Backup Package Available: Yes
Other Restrictions: Do Not Disturb Tenants
Flooring
Carpet: 1
Concrete: 1
Vinyl: 1
Listing Terms
Cash: 1
Foundation Details
Stemwall: 1
Heating
Electric: 1
Heat Pump: 1
Natural Gas: 1
Levels
One: 1
Roof
Composition: 1
Unit 1
Unit #: 1
Tenant Name: Latitude 44
Square Footage: 1918
Option to Extend: Yes
Status: Leased
Unit 2
Unit #: 2
Tenant Name: Visit Bend
Square Footage: 3000
Option to Extend: Yes
Unit 3
Unit #: 3
Tenant Name: Jackalope Grill
Square Footage: 3000
Option to Extend: Yes
Unit 4
Unit #: 4
Tenant Name: Studio DeVine
Square Footage: 710
Option to Extend: No
Existing Lease Type
NNN: 1
Parking Features
On Street: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Parking Details
Parking: No
Special Assessments
None: 1
Location Tax and Legal
County: Deschutes
State: OR
Postal Code: 97703
Subdivision Name: Lava Road
Contract Information
Original List Price: 2900000
Current Price: $2,525,000
Status: Closed
Sold Price: $2,525,000
Listing Contract Date: 2016-02-26
Property Features
Construction Materials: Block; Brick; Frame
Cooling: Heat Pump
Flooring: Carpet; Concrete; Vinyl
Foundation Details: Stemwall
Heating: Electric; Heat Pump; Natural Gas
Levels: One
Roof: Composition
Existing Lease Type: NNN
Business Type (AKA Sub Type): Income/Investment; Restaurant; Retail; Other
Parking Features: On Street
Special Assessments: None
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.