274 Blf Dr Bend, OR 97702-3220
- Commercial land
- 0.54 lot acres
Jul 26, 2022
Current Use by Public Records
- Commercial land
Property Details for 274 Blf Dr
- Lot size
- 0.54 lot acres
- Property type
- Commercial land
- APN
- 181205 AC 01000
- APU
- 181205AC01000
Description
This exceptional 0.54-acre commercial land parcel presents a unique development opportunity in Bend, Oregon's desirable Old Mill District. Zoned Mixed-Use Riverfront (MR), this property boasts pre-approved plans for a nine-unit townhome development, offering immediate construction potential. The asking price is $1,789,000, translating to $76.05 per square foot. Situated on a prominent corner lot, the site is already graded and features a completed retaining wall, significantly reducing upfront development costs. Enjoy breathtaking mountain and river views, adding significant value and appeal to any future development. The location offers unparalleled convenience, with easy access to the vibrant Old Mill District's shops and restaurants, as well as the Box Factory. Less than a mile from downtown Bend, residents will enjoy proximity to the city's cultural attractions and lively atmosphere. Outdoor enthusiasts will appreciate the nearby trails, and opportunities for kayaking and paddleboarding. Short-term rentals are permitted, enhancing investment potential. This property is also located within an Opportunity Zone, offering additional tax advantages. The sale can be structured as an outright purchase or a joint venture, providing flexibility for potential investors. This is a rare chance to acquire a fully prepared development site in one of Bend's most sought-after locations.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.312
- Latitude
- 44.0479
- CBSA code
- 13460
- CBSA name
- BEND, OR METROPOLITAN STATISTICAL AREA
