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Downtown Bend Historical Building 1033 NW Bond St 8,007 SF 100% Leased Retail Building Bend, OR 97703 $7,087,150 CAD ($885.12 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Iconic Tenants: Ken's Artisan Pizza & Americana
- Permit ready for European-style Albergo with Tenant in-place
- In-place income: Second floor apartments
- Ample parking
Executive Summary
A premier historical landmark in downtown Bend, 1033 NW Bond has been thoughtfully restored and anchored by two of the city’s busiest dining destinations: Ken’s Artisan Pizza, ranked 8th best pizza in the U.S. this year, and Americana, a Bend staple.
The second floor currently operates as three high-end apartments, providing in-place income for an investor seeking a stabilized asset. Permits are in place for conversion to a niche, high-end
European-style albergo with tenant in place and excess land at the rear of the property allowing for future expansion.
With original 17-foot ceilings, a building elevator, fire suppression system, and ample onsite and offsite parking, this property combines historic charm with strong income potential and future upside.
The second floor currently operates as three high-end apartments, providing in-place income for an investor seeking a stabilized asset. Permits are in place for conversion to a niche, high-end
European-style albergo with tenant in place and excess land at the rear of the property allowing for future expansion.
With original 17-foot ceilings, a building elevator, fire suppression system, and ample onsite and offsite parking, this property combines historic charm with strong income potential and future upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,007 SF
Building Class
B
Year Built
1920
Price
$7,087,150 CAD
Price Per SF
$885.12 CAD
Cap Rate
6.50%
NOI
$460,665 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
11 Spaces (1.37 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Americana
- Accommodation and Food Services
-
99,999 SF
- -
- -
- -
- Ken's Artisan Pizza
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Americana | Accommodation and Food Services | 99,999 SF | - | - | - | |
| Ken's Artisan Pizza | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 103348 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,244,812 CAD |
Property Taxes
Parcel Number
103348
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,244,812 CAD
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Downtown Bend Historical Building | 1033 NW Bond St
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