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    FOR SALE
    Commercial land

    64624 Cook Ave, Bend, OR 97703

    0.22 ac lot
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US71-1743713
    Property summary
    AI-generated overview

    This exceptional .22-acre commercially zoned lot is ideally situated in the heart of Downtown Tumalo, Oregon, offering unparalleled visibility and accessibility. Located directly off Cook Avenue, the main thoroughfare running through Tumalo, this property enjoys convenient access to Highway 20, providing easy connections to Bend and Sisters. The vibrant surrounding area boasts a thriving mix of businesses, including food carts, cider houses, and coffee shops, ensuring high foot traffic and a strong commercial presence. This remarkable opportunity is further enhanced by approximately $150,000 in existing improvements, including a new parking lot and sewer system. The property also benefits from a Conditional Use Permit (CUP) from Deschutes County, specifically for the construction of an office or storage building, streamlining the development process. This turnkey lot presents a rare chance to acquire a prime commercial property in a rapidly growing area. The asking price is $700,000, and owner carry financing options are available. Don't miss this exceptional investment opportunity

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.22 ac (9,583 SF)
    APN 161231 A0 06304
    UPID US71-1743713
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    James Jan Austin Crouch · 5 yrs held
    James Jan Austin Crouch
    since 2021
    1 recorded transaction
    2021
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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