594 Bellevue Dr, Bend, OR 97701-9591
This exceptional 6,200 square foot restaurant space is located at 594 NE Bellevue Drive in Bend, Oregon's thriving east-side retail hub. The property sits on a 0.97-acre lot and is offered at $3,150,000. The inviting and upscale interior features high, open ceilings and quality finishes, creating a sophisticated ambiance. A spacious covered patio adds significant outdoor seating capacity. The restaurant is fully equipped for immediate operation, including all necessary equipment to help launch your culinary vision. This includes two Type I hoods (10' and 8'), a gas brick oven, multiple walk-in coolers, and a walk-in freezer. A full bar with a dedicated cooler is also included, along with the potential for a lottery room. The layout is designed for versatility, accommodating both intimate gatherings and large-scale events, with indoor seating for 133, patio seating for 64, and a maximum capacity of 300. Benefit from the property's excellent visibility and high traffic counts, situated near the Forum with 19,147 AADT on NE 27th Street and 14,810 AADT on Highway 20. This prime location is surrounded by new residential developments and is poised to benefit from Bend's continued eastward expansion and growth. The previous tenant enjoyed considerable success, establishing a strong foundation for future success. This is a turnkey opportunity not to be missed.
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The Phoenix Restaurant Restaurant
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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