61334 Highway 97Bend, OR 97702

Property Details for 61334 Highway 97

Year built

1993

Lot size

12.11 AC

Property size (Sq ft)

96,800 SF

Property type

Retail properties

Property subtype

Community centers

APN

181208 D0 00900

APU

181208D000900

Description

This Deschutes County coworking space, located within the Bend Factory Stores shopping center at 61334 S Hwy 97, offers multiple tenancy options ranging from 1,277 to 7,470 contiguous square feet, with a total of 36,565 square feet currently vacant. The property is part of a thriving retail center attracting over three million annual visitors, generating significant tourism revenue and local spending. This translates to high foot traffic and exposure for businesses. The center boasts a diverse tenant mix including national brands like Carter's, Rack Room Shoes, and GNC, alongside Oregon-based businesses such as Nike, Columbia, and Pendleton, and various local favorites. The location benefits from exceptional visibility and accessibility, situated on S Hwy 97, a major thoroughfare experiencing over 19,200 vehicles per day. Bend's strong economy, with a population exceeding 99,000 and a median disposable income of $82,102, further enhances the property's appeal. The space is ideal for businesses seeking flexible layouts and a prime location within a bustling retail environment. Available spaces are suitable for a variety of uses, making it an attractive option for both established businesses and startups. The property's strategic location and high-traffic environment offer unparalleled opportunities for growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $29,157,760

  6.5%

  $26,914,854

  7%

  $24,992,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $62,503,720

  Geo Method

  $62,503,720

• Alternative Use

  Use

  Valuation

  Residential

  $22,703,688

  Hospitality

  $20,796,456

  Educational

  $17,302,406

  Medical

  $17,897,464

  Retail

  $26,914,854

Location Insight

City

Bend

County

Deschutes

State

Oregon

Latitude

44.0268

Longitude

-121.312

CBSA code

13460

CBSA name

BEND, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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