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Property profile & analytics
OFF-MARKET Estimated value $2,650,000
Sports & entertainment properties

1569 2nd St Bend, OR 97701-4272

22,685 SF 0.85 ac lot Built 1977
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US71-0086482
Property summary
AI-generated overview

This exceptional 0.85-acre land parcel, situated at 1569 NE 2nd St in Bend, Oregon, presents a unique commercial land lease opportunity. Located within Deschutes County's vibrant Central District, this property is zoned Mixed Employment (ME), offering considerable flexibility for a variety of retail uses. The site boasts a total land area of 0.85 acres, providing ample space for development. Currently, two distinct retail spaces are available for lease, making it ideal for either a single tenant seeking a larger footprint or multiple businesses looking for adjacent locations. The property's address is 1569 NE 2nd St, Bend, OR 97701, offering excellent visibility and accessibility. This prime location within Bend's thriving commercial corridor ensures high foot traffic and strong potential for business success. The Mixed Employment zoning allows for a diverse range of commercial uses, providing significant development options. This is an exceptional chance to establish a presence in a dynamic and rapidly growing area of Bend. Interested parties should inquire about lease terms and conditions. The property's geographic coordinates are 44.0657695 latitude and -121.3046067 longitude.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1977
Total area 22,685 SF
Lot 0.85 ac (37,026 SF)
APN 171232 AA 00100
UPID US71-0086482
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fitness:1440 Bend Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.65M
Owner & transaction history
Olney Block 1 LLC · 5 yrs held
Olney Block 1 LLC
since 2021
Last sale
$2.7M
7 recorded transactions
2021
$2.7M
2018
Price N/A
2013
Price N/A
2005
$1.2M
2005
Price N/A
2005
$2.2M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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