1285 NW Wall Street, Bend, OR 97703

$2,900,000
Property Type: Commercial Sale Square Footage: 14,948 Lot Size (sq. ft.): 45,738 Status: Closed
Current Price: $2,900,000 List Date: 2/10/2022 Last Modified: 2/10/2026

Overview

Description

This is a once in a lifetime opportunity to acquire a large strategic property in the heart of downtown Bend. The site is in the path of progress in one of the most dynamic lifestyle markets in the USA. It has a great central location, is very close to the Deschutes River, and has great access to Highway 97. The property consists of two buildings and four tax lots with plenty of on-site parking. The property is zoned Limited Commercial (CL). This zoning permits a wide range of uses including residential as part of a mixed-use development as well as retail, office, restaurant and lodging. There are currently nine tenants in the two buildings. All tenants are currently on month-to-month leases. An owner user has the ability to take over all the spaces in both buildings while the investor has the ability to improve the spaces and bring rents up to market. A full offering memorandum with financial information is available with a signed nda.

Listing Details MLS# 220139107

General Property Information

Building Area Total
14948
Building Area Source
Appraiser
Building Area Units
Square Feet
# of Units Total
9
Year Built
1950
New Construction YN
No
Zoning
CL
Tax Annual Amount
6645.01
Tax Year
2021
CC&R's YN
No
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Common Walls: 2+ Common Walls Construction Materials: Block Cooling: Central Air Flooring: Carpet; Concrete; Laminate Foundation Details: Slab Heating: Forced Air Levels: One Roof: Metal Utilities: Electricity Connected Parking Features: Asphalt Sewer: Public Sewer Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
1285
Street Dir Prefix
NW
Street Name
Wall
Street Suffix
Street
County
Deschutes
State
OR
Postal Code
97703
Subdivision Name
CLAB

Contract Information

Original List Price
2800000
Listing Contract Date
2022-02-09

Remarks and Miscellaneous

Public Remarks
This is a once in a lifetime opportunity to acquire a large strategic property in the heart of downtown Bend. The site is in the path of progress in one of the most dynamic lifestyle markets in the USA. It has a great central location, is very close to the Deschutes River, and has great access to Highway 97. The property consists of two buildings and four tax lots with plenty of on-site parking. The property is zoned Limited Commercial (CL). This zoning permits a wide range of uses including residential as part of a mixed-use development as well as retail, office, restaurant and lodging. There are currently nine tenants in the two buildings. All tenants are currently on month-to-month leases. An owner user has the ability to take over all the spaces in both buildings while the investor has the ability to improve the spaces and bring rents up to market. A full offering memorandum with financial information is available with a signed nda.

Status Change Information

Close Date
2023-08-02
Under Contract Date
2022-05-09
Status Change Timestamp
2023-08-08
Close Price
2900000
Sold Price per SqFt
194.01

More Information

Currently Not Used

List Price per SqFt
187.32

Business Details

Business Included?
No

Parking Details

Parking
Yes
# of Parking Spaces
47

Documents

Listing Office: Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.
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