63570 Hunnell RdBend, OR 97703

Exceptional investment opportunity: 1.46 acres of commercially zoned land (CG) in Bend, Oregon, at 63570 NE Hunnell Rd, zip code 97703. This property is situated in Bend's thriving "Golden Triangle," a prime location experiencing significant commercial and retail development. Its strategic position directly east of the main access road for the Gateway North master-planned community offers unparalleled visibility and accessibility. Gateway North includes a new Costco, currently under construction, and a planned 422-unit senior and market-rate housing development. The subject property is bordered by established businesses including Les Schwab, Lowe's, and other national retailers. A pre-application is in place for a mixed-use development, envisioning a five-story building with 713 storage units and 26 multifamily units, projecting a stabilized value of approximately $30.5 million based on a 5.35% blended cap rate. This presents a unique chance to capitalize on the area's rapid growth and high demand. The seller is open to partnering with or acting as a fee developer for a suitable investor to advance the current development concept. The asking price for this exceptional property is $2,600,000.