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    20525 Reed Market Rd Bend, OR 97702

    Sponsored
    For Sale
    $1,275,000

    1-Acre Residential Subdivision Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Prime 1-acre residential development opportunity in Bend, Oregon, awaits. Located at 20525 SE Reed Market Rd, 97702, this Deschutes County property boasts entitlements for a 12-lot subdivision, ready for immediate construction. The lot features utility stubs and a new access road conveniently situated at the property line. Six of the planned lots enjoy the scenic backdrop of the COID irrigation canal, enhanced by a pedestrian bridge providing direct access to the historic canal trail. Detailed cost estimates are available, and there's potential to increase the density of the development beyond the current 12 lots. This RM-zoned property presents a unique chance to capitalize on Bend's thriving real estate market. The canal-front location and proximity to the canal trail offer exceptional appeal to potential homebuyers. All necessary entitlements are in place, minimizing delays and streamlining the development process. This is an exceptional opportunity for developers seeking a turnkey project with significant upside potential. Begin construction this year and realize the full potential of this remarkable Bend, Oregon location.

    Property Features for 20525 Reed Market Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Fully entitled for development with 12 lots, 6 backing a COID irrigation canal.
    • Utilities and access road at the site boundary.
    • Detailed cost estimates available upon request.
    • Density bonus potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.2981954
    Latitude
    44.0385187

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    FAQs

    What type of property is this?
    Land - 1-Acre Residential Subdivision Opportunity
    Where is this land located?
    The property is located at 20525 Reed Market Rd Bend, OR.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: Fully entitled for development with 12 lots, 6 backing a COID irrigation canal.; Utilities and access road at the site boundary.; Detailed cost estimates available upon request.
    Request Owner's contact information
    20525 Reed Market Rd Bend, OR 97702
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    Bend, OR 97702
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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
    20525 Reed Market Rd Bend, OR 97702
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