828 NW Hill St Bend, OR 97703
For Sale
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PRICE JUST REDUCED: $175,000! MU (Mixed-Use) Urban zoned lot in downtown Bend. Flat, level and ready for re-development. Utilities are stubbed to the site and also located in the street. City of Bend sewer & water. NEC of NW Hill & NW Hawthorne Ave. MU (Mixed-Use) Urban zoned lot in downtown Bend. Flat, level and ready for re-development. Utilities are stubbed to the site and also located in the street. City of Bend sewer & water. NEC of NW Hill & NW Hawthorne Ave. Nicely positioned 0.32/AC MU zoned re-development parcel in the growing core area of downtown Bend. Located at the NEC of Hill and Hawthorne Avenue, provides an excellent choice for developing a mixed-use complex with blended commercial and residential units. Conceptual designs and engineering done for 65' multi-family/mixed-use building and $43,008 of System Development Credits available. Utilities are stubbed to the site and located in the street with service already established at the site. City of Bend water/sewer available. Tax incentives could be available as property is within the Opportunity Zone and Enterprise Zone. Site at grade. The new Hawthorne pedestrian and bicycle bridge will be close-by to help with connectivity between westside and eastside Bend, providing great walkability over the Bend Parkway for area residents. Mixed-Use Urban Districts are intended to provide a balanced mix of residential and commercial support services and provide for the needs of a growing community. Mixed-Use Urban is to provide opportunities for vibrant mixed-use centers in areas with high-quality connectivity like the downtown core area. It allows for denser level of development of a variety of commercial and residential uses that is supportive of transit by encouraging a pedestrian-friendly environment. Please call listing Broker for more details on this opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.