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    355 2Nd St Bend, OR 97701

    Sponsored
    For Sale
    $3,200,000

    Prime Bend retail space, high visibility location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Bend, Oregon storefront property at 355 NE 2nd St presents a remarkable owner-user opportunity for a big-box retailer. The property boasts a substantial 21,376 square feet situated on a generous 1.43-acre lot in the thriving Bend Central District. The building itself comprises approximately 10,200 square feet of updated retail/showroom space, complemented by an additional 11,176 square feet of versatile warehouse and office space. The retail area features a maximum ceiling height of 9 feet 4 inches. Its strategic location offers significant advantages, including direct access to NE Dekalb Avenue and adjacency to the planned Platform multifamily development, a 199-unit complex that promises increased foot traffic and visibility. The property is zoned Commercial Limited (CL) with Bend Central District Overlay, providing flexibility for redevelopment. Permitted uses under this zoning include multifamily, commercial, hospitality, and mixed-use developments, presenting a wealth of potential for future expansion or repurposing. The asking price is $3,200,000. This property offers a unique blend of existing infrastructure and future development potential in a highly desirable location.

    Property Features for 355 2Nd St

    General Information

    Property type
    Individual retail properties
    Lot Size
    62,291 SF

    HighLights

    • Owner‑user opportunity for a big‑box retailer.
    • Recently updated retail space.
    • Prime Bend Central District location.
    • Adjacent to a new 199‑unit multifamily development.
    • Excellent street visibility on NE Dekalb Avenue.
    • Zoned for diverse redevelopment options, including multifamily, commercial, hospitality, and mixed‑use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cowell Furniture Store

    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
    -121.3054404
    Latitude
    44.0539749

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    FAQs

    What type of property is this?
    Individual retail property - Prime Bend retail space, high visibility location.
    Where is this individual retail property located?
    The property is located at 355 2Nd St Bend, OR.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Owner-user opportunity for a big-box retailer.; Recently updated retail space.; Prime Bend Central District location.
    Request Owner's contact information
    355 2Nd 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
    355 2Nd St Bend, OR 97701
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