1212 NE 1st Street, Bend
-Zoning: ME (Mixed Employment)
-Located in the Central Business District
-Located in the Opportunity Zone
-Located in the Enterprise Zone
-11,157 RSF industrial block building
-Use: Ideal for owner/user or redevelopment
-Land: Located on a 0.60-acre (26,136 SF) lot
-Parking: 15 stalls with secured asphalt yard
-Minutes from Downtown Bend
Fratzke Commercial is proud to market the 1st Street Building for sale located at 1212 NE 1st Street, in beautiful Bend, Oregon. The building is located in the Opportunity Zone & Enterprise Zone. Benefits from the Central Business District overlay.
Personal finance website WalletHub named Bend the second-fastest growing city in America, based on a variety of factors beyond population, including topping the list in job growth and growth in the number of businesses.
Originally constructed in 1950, the industrial building totals 11,157 rentable square feet positioned on one (1) tax lot measuring 0.60 SF (26,136 SF). The building is located on 1st Street, and minutes from downtown Bend, Oregon. The site also allows for excellent northbound and southbound access to Highway 97 (3rd Street).
The building is 100% master leased to one tenant whose lease expires February 2021.
There are three additional subleasees as follows:
-Auto detail shop
Mid Town Redevelopment Opportunity:
The First Street Industrial Building presents a developer with a multi-story mixed use redevelopment in the heart of the Maker’s District. Downtown Bend – with restaurants, shops and hotels – is just a few short blocks away. This site is at grade and has good access to Highway 97 north and southbound. Site has mountain views from the ground level & the views only improve as the property increases in height.
Price Per Sq Ft: $170.00
1212 NE 1st Street
Bend, OR 97701
Property Type: Industrial
Building Square Feet: 11,157 +/-
Lot Size: .60 Acres
Year Built: 1950
Zoning: ME + Central Business District
Parking: 15 stalls
Procurement Fee / Broker Commission: 2.25%