30 Bend River Mall Dr Bend, OR 97703
- Retail properties
- 5,132 SF
Current Use by Public Records
- IHOP / Breakfast Restaurant / American Restaurant
- Pardon My Cheesesteak / Cheesesteak Restaurant / Delivery Service
Property Details for 30 Bend River Mall Dr
- Year built
- 1990
- Property size
- 5,132 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional owner-user or redevelopment opportunity presents a 5,132 square foot, 100% occupied quick-service restaurant (QSR) currently operating as an IHOP. Located at 30 NE Bend River Mall Dr, Bend, Oregon 97703, this property sits on a substantial 29,185 square foot lot and boasts a prime location in a high-traffic area. Built in 1990, the property offers significant potential for redevelopment or continued operation as a thriving QSR. The asking price is $2,500,000, translating to $487.14 per square foot. The property benefits from a strong, stabilized customer base, with over 61,000 residents within a 3-mile radius and over 109,000 within a 5-mile radius. This demonstrates significant market demand and potential for future growth. The location is further enhanced by its proximity to major retailers such as Macy's, Kohl's, Hobby Lobby, TJ Maxx, WinCo Foods (shadow anchored and opened February 2021), Aspen Dental, Petco, Burger King, and Circle K. This established retail corridor on the north side of Bend, Oregon ensures high visibility and consistent foot traffic. The property presents a rare opportunity to capitalize on the significant growth experienced in Bend, Oregon, and the strong performance of this established location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.305
- Latitude
- 44.0841
