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Property profile

4270 Canal Blvd Redmond, OR 97756

OFF-MARKET
Retail properties & Spaces
10,690 SF
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Property summary

AI-generated overview

This exceptional new construction in Redmond, Deschutes County, offers 10,690 square feet of versatile medical office and retail space, currently entirely vacant and ready for immediate occupancy. The property boasts a desirable Mixed-Use Neighborhood (MUN) zoning, allowing for a variety of uses. Two spaces are available, ranging from 2,202 to 5,564 contiguous square feet, with a minimum divisible space of 5,126 square feet. The building features 62 parking spaces, including 3 ADA-compliant stalls, providing ample parking for tenants and their clients. The location is highly advantageous, situated at the south end of Redmond, offering easy access to Bend via Highway 97 and the Old Bend-Redmond Highway. The property enjoys frontage on both SW Canal Blvd and SW Badger Avenue, ensuring high visibility and accessibility. This development is adjacent to Ridgeview High School, benefiting from a strong local population base. A ground floor restaurant/bar space is available, complete with furniture and equipment, and includes a covered rooftop deck area with plumbing hookups offering stunning Cascade Mountain views. The building is already home to successful businesses including Welcome Backporch Coffee Roasters, Bonta Gelato, Sullivan Orthodontics, and Redbird Physio, establishing a thriving commercial environment. This presents a unique opportunity to establish a presence in a rapidly growing residential area with a current shortage of commercial and retail services.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,690 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4270 Canal Blvd Redmond, OR 97756
Redmond metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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