63570 Hunnell Rd Bend, OR 97703

This exceptional 1.46-acre parcel, zoned CG, presents a unique investment opportunity in Bend, Oregon's thriving "Golden Triangle." Situated at 63570 NE Hunnell Rd, this property enjoys a prime location adjacent to the Gateway North master-planned development, featuring a new Costco and a proposed 252-unit housing development. The site's proximity to major retailers like Target, Home Depot, and Lowe's ensures high visibility and accessibility. A pre-application concept exists for a five-story mixed-use building, encompassing 713 storage units and 26 multifamily units, with a projected stabilized value of approximately $30,500,000 based on a 5.35% blended cap rate. The property's 126,800 square feet offers significant development potential, with a land value of $40.88 per square foot. The seller is open to partnering with or acting as a fee developer for a new investor looking to pursue the existing concept or explore alternative uses permitted under the CG zoning. This is a rare chance to capitalize on Bend's robust growth and acquire a strategically located asset in a high-demand area. The asking price is $2,600,000.