Newly Renovated
For Sale
Contact for pricing
15 NE Butler Market Rd, Bend, OR 97701
Newly renovated Red Lion Inn & Suites offers major highway visibility and strong access to shopping and events.
Property SizeContact for details
Days on Market125
Property Features for 15 NE Butler Market Rd
General Information
Standard status
Active
Property subtype
Hospitality
Site & Location
Traffic Count
54,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Listing Agency:
Compass Commercial Real Estate Services
(541) 848-4068
Listed By:
Howard Friedman · License #OR 990200114
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial Real Estate Services
Investment Insights
Based on property information with market context.
Red Lion Inn & Suites is a newly renovated hotel property offered for sale. The asset presents as a nationally recognized hospitality option located in a highly trafficked corridor with signage visibility.
Public remarks indicate substantial daily vehicle traffic, with approximately 54,000 cars per day passing the property on US Highway 97 (Bend Parkway) and an additional 38,900 on the parallel Business Highway 97. The hotel is conveniently positioned next to the Bend River Promenade shopping center, and the Riverhouse Convention Center is located just across the street along the Deschutes River, serving multi-day conventions, special events, weddings, and meetings.
The surrounding trade area is described in the offering materials as having a population of 228,959, with an average household income of $78,558, and a 95,654 population within 5 miles with an average household income of $84,937 and a 3% unemployment rate.
Public remarks indicate substantial daily vehicle traffic, with approximately 54,000 cars per day passing the property on US Highway 97 (Bend Parkway) and an additional 38,900 on the parallel Business Highway 97. The hotel is conveniently positioned next to the Bend River Promenade shopping center, and the Riverhouse Convention Center is located just across the street along the Deschutes River, serving multi-day conventions, special events, weddings, and meetings.
The surrounding trade area is described in the offering materials as having a population of 228,959, with an average household income of $78,558, and a 95,654 population within 5 miles with an average household income of $84,937 and a 3% unemployment rate.
Key Highlights
- Newly renovated Red Lion Inn & Suites hotel
- Major highway traffic: ~54,000 cars/day on US Highway 97 (Bend Parkway) and ~38,900/day on parallel Business Highway 97
- Highway corridor access with excellent signage along US Highway 97 and Business Highway 97
Property Analytics
Property Profile
Current Use
Lease Details
54,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
Demographics for 97701, OR
42,159
Population
19,020
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
94%
High-School Grad
311.8 sq mi
ZIP Area
135
Density / Sq Mi
$77,969
Median Household Income
$47,431
Median Earnings
$1,700
Median Rent
$567,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Newly renovated Red Lion Inn & Suites offers major highway visibility and strong access to shopping and events.
Where is this hotel located?
The property is located at 15 NE Butler Market Rd Bend, OR.
What are key features of this property?
This property features: Newly renovated Red Lion Inn & Suites hotel; Major highway traffic: ~54,000 cars/day on US Highway 97 (Bend Parkway) and ~38,900/day on parallel Business Highway 97; Highway corridor access with excellent signage along US Highway 97 and Business Highway 97
