61334 Hwy 97 Bend, OR 97702-3284
- Community centers
- 96,800 SF
- 12.11 lot acres
Current Use by Public Records
- Pendleton / Men'S Clothing Store / Women'S Clothing Store
- Nike Factory Store - Bend / Clothing Store / Men'S Clothing Store
- Maurices / Women'S Clothing Store / Plus Size Clothing Store
- Hoody’s Collectibles (Bend) / Sports Card Store
- L'eggs Hanes Bali / Clothing Store / Men'S Clothing Store
Property Details for 61334 Hwy 97
- Year built
- 1993
- Lot size
- 12.11 lot acres
- Property size
- 96,800 SF
- Property type
- Community centers
- APN
- 181208 D0 00900
- APU
- 181208D000900
Description
This Deschutes County coworking space, located within the Bend Factory Stores shopping center at 61334 S Hwy 97, offers multiple tenancy options ranging from 1,277 to 7,470 contiguous square feet, with a total of 36,565 square feet currently vacant. The property is part of a thriving retail center attracting over three million annual visitors, generating significant tourism revenue and local spending. This translates to high foot traffic and exposure for businesses. The center boasts a diverse tenant mix including national brands like Carter's, Rack Room Shoes, and GNC, alongside Oregon-based businesses such as Nike, Columbia, and Pendleton, and various local favorites. The location benefits from exceptional visibility and accessibility, situated on S Hwy 97, a major thoroughfare experiencing over 19,200 vehicles per day. Bend's strong economy, with a population exceeding 99,000 and a median disposable income of $82,102, further enhances the property's appeal. The space is ideal for businesses seeking flexible layouts and a prime location within a bustling retail environment. Available spaces are suitable for a variety of uses, making it an attractive option for both established businesses and startups. The property's strategic location and high-traffic environment offer unparalleled opportunities for growth and success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,020,000
- 6.5%
- $2,445,000
- 7%
- $2,140,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,955,000
- Geo Method
- $2,595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,340,000
- Retail
- $2,345,000
- Mixed-Use
- $1,935,000
- Hospitality
- $2,000,000
- Educational
- $2,390,000
- Residential Income
- $2,525,000
- Energy
- $2,280,000
- Income-Based Land
- $2,095,000
- Food Service
- $2,610,000
Location Insight
- Map
- Local Demand
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.312
- Latitude
- 44.0268
- CBSA code
- 13460
- CBSA name
- BEND, OR METROPOLITAN STATISTICAL AREA
