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    828 Hill St Bend, OR 97703

    Sponsored
    For Sale
    $1,975,000

    Prime .32-acre redevelopment site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.32-acre parcel, located at the northeast corner of NW Hill Street and NW Hawthorne Avenue in downtown Bend, Oregon (APN 104411), presents a unique opportunity for mixed-use development. Currently zoned MU (Mixed-Use Urban), this flat, level lot is ready for immediate redevelopment. Utilities are conveniently stubbed to the site and also available in the street, featuring City of Bend sewer and water services. A conceptual design for a 65-foot multi-family/mixed-use building is already complete, along with $43,008 in available System Development Credits. This property benefits from its location within both an Opportunity Zone and an Enterprise Zone, potentially offering tax incentives. The site's proximity to the new Hawthorne pedestrian and bicycle bridge enhances connectivity and walkability, connecting westside and eastside Bend. This prime location in the growing downtown core offers an ideal setting for a vibrant mixed-use project blending commercial and residential spaces, catering to the needs of a thriving community. The asking price is $1,975,000. This is a privately held property offered for sale by owner.

    Property Features for 828 Hill St

    General Information

    Property type
    Land
    Lot Size
    13,939 SF

    HighLights

    • 0.32‑acre mixed‑use development site in downtown Bend, Oregon.
    • Mixed‑Use (MU) zoning allows for commercial and residential redevelopment.
    • Located at the northeast corner of NW Hill Street and NW Hawthorne Avenue (APN 104411).
    • City utilities are available at the site and in the street.
    • Includes a completed conceptual design for a 65‑foot multi‑family/mixed‑use building and $43,008 in System Development Credits.
    • Prime location near the new Hawthorne pedestrian and bicycle bridge, within an Opportunity Zone and Enterprise Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Building Supply 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
    -121.30874070056
    Latitude
    44.057955613858

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    FAQs

    What type of property is this?
    Land - Prime .32-acre redevelopment site
    Where is this land located?
    The property is located at 828 Hill St Bend, OR.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: 0.32-acre mixed-use development site in downtown Bend, Oregon.; Mixed-Use (MU) zoning allows for commercial and residential redevelopment.; Located at the northeast corner of NW Hill Street and NW Hawthorne Avenue (APN 104411).
    (541) 323-6458
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    828 Hill St Bend, OR 97703
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    Bend, OR 97703
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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
    828 Hill St Bend, OR 97703
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