515 Bellevue Dr Bend, OR 97701
- Drive through restaurants
- 1,520 SF
- 0.37 lot acres
Current Use by Public Records
- Subway / Sandwich Shop / Caterer
Property Details for 515 Bellevue Dr
- Year built
- 2000
- Lot size
- 0.37 lot acres
- Property size
- 1,520 SF
- Property type
- Drive through restaurants
- APN
- 171235 CB 00600
- APU
- 171235CB00600
Description
This exceptional investment opportunity presents a 1,520-square-foot commercial building currently leased to Subway Sandwiches. Situated on a highly visible 0.32-acre lot just off Highway 20 East in Bend, Oregon, this property boasts a convenient drive-thru. The existing lease with a credit-worthy tenant provides a stable and predictable income stream. The building's prime location ensures consistent foot traffic and excellent brand visibility, making it an attractive investment for discerning buyers. The property's strong tenant history and strategic placement offer a compelling return on investment. The 1,520 square feet of space is well-maintained and suitable for continued operation as a fast-food establishment or potential redevelopment, subject to local zoning regulations. The 0.32-acre lot provides ample space for parking and potential future expansion. This turnkey investment offers a rare opportunity to acquire a well-established commercial property in a thriving Bend, Oregon location with a long-term lease in place. The property's high visibility and convenient access to Highway 20 East make it an ideal location for a variety of commercial uses. This is a fantastic opportunity to acquire a stable, income-producing asset in a desirable market. The asking price is $1,100,000. Further details regarding the lease terms and financial performance are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,110,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $1,075,000
- 7%
- $1,160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,020,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $1,040,000
- Mixed-Use
- $1,245,000
- Hospitality
- $1,000,000
- Educational
- $1,185,000
- Residential Income
- $1,160,000
- Energy
- $1,065,000
- Income-Based Land
- $1,115,000
- Food Service
- $1,215,000
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.262
- Latitude
- 44.0552
- CBSA code
- 13460
- CBSA name
- BEND, OR METROPOLITAN STATISTICAL AREA
