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    105 NE Franklin Ave Bend, OR 97701

    For Sale
    $5,400,002

    3.53 acres for redevelopment in Bend's Central District.

    Property size:
    3 SF
    Lot size:
    3.53 Acres

    Property Features for 105 NE Franklin Ave

    General Information

    Size
    3 SF
    Lot size
    3.53 Acres

    Source: Walt Ramage Agent Walt Ramage

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Redevelopment Land in Bend

    This is an unprecedented opportunity to redevelop 3.53 acres in the heart of Bend. The property is located on the Franklin Corridor, a focal point of Bend's Central District. This neighborhood serves as the gateway to Historic Downtown Bend and is slated for major transformation. The site consists of seven tax lots totaling 3.53 acres. It is located in Bend's Enterprise Zone, Opportunity Zone & Central District (BCD). The BCD Initiative would leverage $4 in private investment funds per $1 of public funds. The property abuts Hwy 97, providing outstanding visibility for future building and signage. Average daily traffic on Hwy 97 is 40,319, and on Franklin is 11,934. An adjacent 1.75+ acre site is to be redeveloped by Brooks Resources. The property includes over $432,000 in System Development Charge (SDC) credits across all parcels. The developable height limit is 65'-85'. There are solid leasing statistics and consistently increasing market rent. There is extremely high demand for multifamily and residential development, along with strong demographics and daytime employment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Spa & Massage Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.3055533
    Latitude
    44.0556088

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    FAQs

    What type of property is this?
    Land - 3.53 acres for redevelopment in Bend's Central District.
    Where is this land located?
    The property is located at 105 NE Franklin Ave Bend, OR.
    What is the asking price?
    The asking price for this property is $5,400,002.
    What are key features of this property?
    This property features: - 3.53 acres in the heart of Bend slated for major transformation.; - Located in Bend's Enterprise Zone, Opportunity Zone & Central District (BCD).; - Over $432,000 SDC credits.
    (541) 771-8260
    Request Owner's contact information
    105 NE Franklin Ave Bend, OR 97701
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    105 NE Franklin Ave
    Bend, OR 97701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 NE Franklin Ave Bend, OR 97701
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