180 Penn Ave, Bend, OR 97701-4255
This 1,088-square-foot office building in Bend, Oregon, presents a unique owner-user or investment opportunity. Located at 180 NE Penn Ave, 97701, this single-story, Class C building sits on a 0.11-acre lot and boasts a desirable Mixed Employment (ME) zoning. Built in 1966 and extensively renovated in 2012, the property features three private offices, a reception/waiting area, a breakroom/kitchen, a restroom, and ample storage. The building is exceptionally well-maintained and offers monument signage and convenient parking. All city services (water, sewer, gas, and telecom) are connected. This is an ideal space for a variety of small businesses, including accounting, bookkeeping, legal, engineering, insurance, or financial services firms. The asking price is $585,000. The property includes one unit with 1,088 square feet of net rentable space. Deschutes County APN: 101698. This privately held property represents a rare chance to acquire a well-located, turn-key office building in a thriving Central Oregon market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.