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    1701 3Rd St Bend, OR 97701

    Sponsored
    For Sale
    $2,750,000

    Prime Bend location, 8,295 SF, drive-thru available.

    Property size:
    8,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,295 square foot commercial property, formerly a bank, presents a unique investment opportunity in Bend, Oregon. Located at 1701 NE 3rd Street, this office and retail space boasts a highly desirable location on a major arterial road with over 18,000 vehicles passing daily. The property's convenient access and visibility are further enhanced by the availability of pylon signage on NE 3rd Street. The building's previous use as a bank offers a versatile layout adaptable to a variety of businesses. Its proximity to established retailers such as Albertsons, Rite Aid, and US Foods Chef'Store ensures high foot traffic and brand recognition. Bend's robust economic growth, highlighted by a 25.3% population increase and a 32% employment surge between 2010 and 2019, makes this a prime location for businesses seeking to capitalize on a thriving market. The asking price is $2,750,000. The property is available for lease or sale, offering flexibility to potential buyers or tenants. The drive-thru feature adds significant value and potential for various business models. This is a rare opportunity to acquire a well-situated commercial property in one of the fastest-growing metropolitan areas in the nation.

    Property Features for 1701 3Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,295 SF

    HighLights

    • Bend, Oregon's 7th fastest‑growing metro area nationwide, boasts a 25.3% population increase and 32% employment growth (2010‑2019).
    • High‑traffic location on NE 3rd Street, a major arterial with over 18,000 vehicles daily.
    • Excellent co‑tenancy with Albertsons, Rite Aid, and US Foods Chef'Store.
    • Pylon signage opportunity on NE 3rd Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Spa & Massage Hair Salon 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
    -121.30299680879
    Latitude
    44.066632239616

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    FAQs

    What type of property is this?
    Individual retail property - Prime Bend location, 8,295 SF, drive-thru available.
    Where is this individual retail property located?
    The property is located at 1701 3Rd St Bend, OR.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Bend, Oregon's 7th fastest-growing metro area nationwide, boasts a 25.3% population increase and 32% employment growth (2010-2019).; High-traffic location on NE 3rd Street, a major arterial with over 18,000 vehicles daily.; Excellent co-tenancy with Albertsons, Rite Aid, and US Foods Chef'Store.
    Request Owner's contact information
    1701 3Rd St Bend, OR 97701
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    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
    1701 3Rd St Bend, OR 97701
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