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    Property profile & analytics
    OFF-MARKET Estimated value $2,635,000
    Turn key restaurants

    594 Bellevue Dr, Bend, OR 97701-9591

    6,200 SF 0.97 ac lot Built 2000
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US71-1087932
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2000
    Total area 6,200 SF
    Lot 0.97 ac (42,253 SF)
    APN 171235 CB 01100
    UPID US71-1087932
    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
    • The Phoenix Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.64M
    Blend (final) Blend
    $2.64M
    Owner & transaction history
    William F Root Co · 21 yrs held
    William F Root Co
    since 2005
    3 recorded transactions
    2005
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $2.5M +9.0%
    Auto repair, garage $2.4M +3.2%
    Apartment house (5+ units) $2.4M +3.0%
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