61105 Ferguson Rd Bend, OR 97702

Property Details for 61105 Ferguson Rd

Lot size

4.00 lot acres

Property type

Commercial real estate

Description

This exceptional 4-acre commercial land parcel presents a remarkable investment opportunity in Bend, Oregon. Strategically located at the gateway to Southeast Bend, at the corner of Ferguson Road and 27th Street, this property boasts maximum visibility and high traffic counts, making it perfect for an anchor tenant such as a grocery store or other retail uses. Zoned General Commercial (CG), the most flexible zoning designation available, this site offers unparalleled versatility for a wide range of development projects. The property is fully annexed and ready for development, although lot lines are approximate and subject to plat approval. A land lease or owner-financed transaction may be possible. This location is particularly attractive due to its proximity to significant residential growth. The Southeast Elbow of the Urban Growth Boundary (UGB) is designated a Key Opportunity Area for Urban Renewal and Housing Incentives, and over 100 acres in this area are currently under contract for development, including high-density residential projects, single-family homes, and townhomes. Nearby developments include North Peak Development's proposed 137 townhomes and 264 apartments, Hayden Homes Magnolia Meadows (125 single-family dwellings), Easton Development (815 residential units), Stevens Ranch Master Plan (1,710 proposed residential units, elementary school, and public library), and the Stevens Road Tract (2,500 proposed rooftops). The area is also served by Bend's newest high school, Caldera High School, with a capacity of approximately 1,600 students. This property's strategic location, flexible zoning, and proximity to substantial residential development make it an exceptional investment opportunity with significant long-term potential. The asking price is $2,100,000.