Log In/Sign Up
Your email has been sent.
631 NW Federal St
Bend, OR 97703
Galveston Terrace - 100% Leased Investment · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Building is fully leased with two ground floor retail suites and two second floor apartments
- Surrounded by restaurants, retail and residential homes
- Highliy visible corner lot location on busy Galveston Avenue
EXECUTIVE SUMMARY
Galveston Terrace is a well-positioned mixed-use property located at the corner of Galveston Avenue and NW Federal Street, one of Bend's key corridors linking downtown and the west side. Built in 2016, the 5,015 SF building comprises two ground floor retail suites—leased to popular local businesses Bonta Gelato and Iris & Stout—and two well-appointed second-floor residential units. The site offers onsite parking and excellent street presence within a walkable, high-demand neighborhood surrounded by restaurants, shops, and residential density. With 100% occupancy and CC zoning, this asset is an attractive long-term hold in a supply-constrained urban node.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,015 SF
Building Class
B
Year Built
2016
Price
$2,916,437 CAD
Price Per SF
$581.54 CAD
Cap Rate
5.08%
NOI
$148,093 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.15 AC
Zoning
CC - Convenience Commercial
Parking
5 Spaces (1 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 102704 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $921,062 CAD |
PROPERTY TAXES
Parcel Number
102704
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$921,062 CAD
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
