0 O. B. Riley Rd Bend, OR 97703
This exceptional 0.45-acre commercial and residentially-zoned land parcel presents a unique investment opportunity in Bend, Oregon. Located on O. B. Riley Rd, 97703, this property boasts a highly desirable central location, offering easy access to downtown Bend and the Bend Parkway. Its CG zoning permits a variety of development options, making it ideal for either a high-end office building or a multifamily development under Oregon's HB 3450. The property's proximity to the Deschutes River and Sawyer Park adds significant appeal, while its location near established professional office buildings and the Bend River Promenade ensures strong potential for future growth and high occupancy rates. Infrastructure is readily available, with water lines extending to the property's edge and sewer lines located on O. B. Riley Road. This prime location offers unparalleled convenience and accessibility, making it an exceptional investment for discerning developers seeking a high-value property in a thriving Oregon market. The asking price is $499,000. Don't miss this chance to acquire a piece of Bend's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.