Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

927 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Paulina Square - Retail Center 61545 S Highway 97 14,674 SF 100% Leased Retail Building Bend, OR 97702 $7,057,611 CAD ($480.96 CAD/SF)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Premier Location: Frontage on Hwy 97 with 19,287 AADT with excellent visibility
Owner-User Option: Anchor space available for owner-user upon Big 5 lease expiration
Value-Add Potential: Chance to re-lease anchor space at market rents or reconfigure tenancy

Major Shopping Area: Adjacent to Fred Meyer with 130K+ monthly visits driving regional traffic
Flexible Zoning: Commercial General (CG) zoning allows a wide range of retail uses
Abundant Parking: 48 onsite spaces deliver a 3.27/1,000 SF ratio supporting high customer turnover

Executive Summary

$500,000 PRICE REDUCTION!
Paulina Square presents a rare opportunity to acquire a high-visibility retail center on Bend’s dominant commercial corridor, South Highway 97, shadow-anchored by Fred Meyer. The center totals 14,674 square feet, featuring an 11,152 SF anchor space that offers a unique opportunity for an owner-user to secure a highly visible large-format box.
The anchor space, currently occupied by Big 5 Sporting Goods, can be made available for occupancy within 6 months, providing a clear path for an owner-user to take control of the space. The space is also being offered for lease at $2.05/SF NNN, presenting an opportunity for an investor to re-tenant the anchor with a large-format user.
The property features strong co-tenancy, flexible CG zoning, and prominent Highway 97 frontage with over 19,000 vehicles per day. For owner-users, this is a chance to secure long-term real estate presence in one of Oregon’s fastest-growing cities. For investors, the offering presents covered land with future re-leasing or redevelopment potential in a high-barrier-to-entry location.
Paulina Square’s strategic location, existing income stream, and near-term occupancy flexibility make it a versatile asset for users seeking to control their footprint in Bend’s expanding retail corridor.

Marketing Brochure 04.26

Offering Memorandum

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront

Building Size

14,674 SF

Building Class

Year Built

1995

Price

$7,057,611 CAD

Price Per SF

$480.96 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.31

Lot Size

1.08 AC

Zoning

CG - Commercial General

Parking

48 Spaces (3.27 Spaces per 1,000 SF Leased)

Frontage

180’ on S Highway 97 Hwy

Signage

Space Availability

Space
Size
Space Use
Position
Available

1st Floor
11,152 SF
Retail
End Cap
120 Days

The available space at Paulina Square consists of 11,152 SF of retail space currently occupied by Big 5 Sporting Goods, with availability within 6 months, offering a large-format layout ideal for retail or showroom users seeking strong visibility and access along South Highway 97. The suite features prominent storefront signage, direct highway frontage, and convenient customer access, all within a professionally managed center anchored by Fred Meyer and supported by strong co-tenancy including Great Clips and D’s Hobbies, with Commercial General zoning allowing a wide range of retail uses.