296 Columbia StBend, OR 97702

Property Details for 296 Columbia St

Year built

1996

Lot size

1.04 AC

Property size (Sq ft)

14,390 SF

Property type

Office properties

Property subtype

Office buildings

APN

181206 A0 00909

APU

181206A000909

Description

This exceptional 4,133 square foot office suite, located within the prestigious Brooks Building at 296 SW Columbia St, Bend, OR 97702, presents a unique investment opportunity. Situated on 1.04 acres, this two-story building boasts a total of 17,000 square feet and six individual suites, offering a blend of traditional and medical office space. Built in 1996, the property features a grand lobby, two monument signs providing excellent visibility, and ample parking with 55 spaces. Elevator access to the second floor enhances functionality and accessibility. The building is professionally managed and enjoys a prime location in the heart of Bend, between the Old Mill and Century Drive, offering convenient access to restaurants, shopping, banking, and the Deschutes River. Current tenants include a diverse mix of businesses, including Express Employment Professionals, counseling practices, a chiropractor, and a lawyer. The MU zoning allows for a variety of uses, though additional counseling businesses are currently not permitted. This well-maintained building offers a strong foundation for a thriving business, with its excellent location and attractive amenities. The vacant suite offers 4,133 square feet of adaptable space ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,948,644

  6.5%

  $2,721,825

  7%

  $2,527,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,687,150

  Geo Method

  $3,687,150

• Alternative Use

  Use

  Valuation

  Residential

  $3,375,062

  Hospitality

  $3,091,539

  Educational

  $2,572,124

  Medical

  $2,660,584

  Retail

  $4,001,082

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0478

Longitude

-121.327

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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