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R.J. Affatati Building 1824 NE Division St 5,730 SF 100% Leased Retail Building Bend, OR 97701 $2,393,720 CAD ($417.75 CAD/SF)
Executive Summary
1824 NE Division Street is a classic building with great visibility and easy access. With multiple complementary tenants and located just off Central Oregon’s busiest highway, this property has proven to be an excellent investment. And, there is upside with the potential for increases in rents. The building has no vacancies in its eleven suites and has been simple to lease spaces when the periodic vacancy occurs. It has a newer roof, fresh interior paint, and a user-friendly floor plan. After decades of owning investment properties throughout the western U.S., the seller is downsizing his portfolio, which includes selling this ideally-located property.
Consider these benefits:
Great rental history with easy to lease suites
Good mix of tenants that provides synergy to the property
50,000-100,000 vehicles a day pass immediately near building
One of the highest traffic corners in Central Oregon
Ample parking and easy access on/off Division Street
Located about one mile from downtown Bend and near a variety of malls, retail, hotels, restaurants, and more
Consider these benefits:
Great rental history with easy to lease suites
Good mix of tenants that provides synergy to the property
50,000-100,000 vehicles a day pass immediately near building
One of the highest traffic corners in Central Oregon
Ample parking and easy access on/off Division Street
Located about one mile from downtown Bend and near a variety of malls, retail, hotels, restaurants, and more
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,730 SF
Building Class
C
Year Built/Renovated
1979/2020
Price
$2,393,720 CAD
Price Per SF
$417.75 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
CL - Commercial allowing for a wide variety of uses
Parking
14 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
150’ on Division
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $108,015 CAD | Total Assessment | $965,385 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$108,015 CAD
Improvements Assessment
$0 CAD
Total Assessment
$965,385 CAD
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R.J. Affatati Building | 1824 NE Division St
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