445 NE Penn Ave - Fully-Approved Micro-Unit Development 0.48 Acres of Residential Land Offered at $2,929,920 CAD in Bend, OR 97701

An innovative micro-unit development opportunity ideally located at 445 NE Penn Avenue in the heart of Bend, Oregon. Offered at $2,400,000, this 0.48-acre site is zoned RH (Residential High Density) and is approved for a thoughtfully designed 59-unit multifamily project. With a total proposed building size of 41,334 square feet, Penn Lofts combines a high-density footprint with efficient, modern living in vibrant and dynamic midtown, the City of Bend’s focus for business growth and redevelopment, and just minutes from Downtown Bend. Each unit is a lofted, one-bedroom apartment featuring 13 ft high ceilings and full windowed wall for abundant natural light and territorial views.  A kitchenette, full bathroom and built-in storage are efficiently tucked beneath the stairwell maximizing open living space. Penn Lofts fosters community in a way that sets it apart from traditional multifamily developments.  Each floor includes a shared living area with a full kitchen, co-working space and lounge section for gathering with friends. A state-of-the-art onsite gym and conference room cater to Bend’s remote workforce and social lifestyle.