2221 NE 3rd Street, Bend, OR 97701
$4,700,000
Property Type:
Commercial Sale
Square Footage:
36,253
Lot Size (sq. ft.):
91,476
Status:
Closed
Current Price:
$4,700,000
List Date:
1/28/2022
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 201910657
General Property Information
- Building Area Total
- 36253
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 4
- Year Built
- 1996
- New Construction YN
- No
- Zoning
- ME
- Tax Annual Amount
- 35232
- Tax Year
- 2019
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Boot Barn Building
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Common Walls:
2+ Common Walls
Construction Materials:
Block; Brick; Frame
Cooling:
Central Air
Flooring:
Carpet; Concrete; Vinyl
Foundation Details:
Slab
Heating:
Forced Air
Levels:
Two
Roof:
Metal
Security Features:
Fire Sprinkler System
Existing Lease Type:
Call Listing Agent
Business Type (AKA Sub Type):
Retail
Owner Pays:
Other
Tenant Pays:
Common Area Maintenance; Electricity; Gas; Insurance; Interior Maintenance; Janitorial Service; Repairs; Sewer; Taxes; Water
Utilities:
Electricity Connected
Parking Features:
Asphalt; Parking Lot
View:
Territorial
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 2221
- Street Dir Prefix
- NE
- Street Name
- 3rd
- Street Suffix
- Street
- County
- Deschutes
- State
- OR
- Postal Code
- 97701
- Subdivision Name
- Riverside
Contract Information
- Original List Price
- 4500000
- Listing Contract Date
- 2019-12-01
- Dual Listing YN
- No
Remarks and Miscellaneous
- Public Remarks
- This is an excellent opportunity to acquire a high-quality retail building in the heart of Bend. The location cannot be beat with great visibility and access from business highway 97/third street. The property is located in the middle of one of the major shopping areas of Bend. <br><br>The property brings in a high volume of shoppers and is anchored by the Boot Barn and Absolute Horse. <br><br>This is an opportunity to buy a very high-quality building below replacement costs. Value at the listing price is $124.12 per square foot. The building has many upgrades with extensive wood accents inside and out, cinder block construction, rock trim and a metal roof. It also has substantial parking with 162 spots on-site and additional street parking available. <br><br>The building value is based on current rental rates and net income. With rents for the entire building averaging well below market rates this gives a buyer tremendous upside potential in value by bringing rents closer to market ra
Status Change Information
- Close Date
- 2022-04-13
- Under Contract Date
- 2022-01-24
- Status Change Timestamp
- 2022-05-09
- Close Price
- 4700000
- Sold Price per SqFt
- 129.64
More Information
Currently Not Used
- List Price per SqFt
- 124.13
Unit 1
- Tenant Name
- Eagle Mountain
Unit 2
- Tenant Name
- Absolute Horse
Unit 3
- Tenant Name
- Boot Barn
Unit 4
- Tenant Name
- Available
- Price Per SqFt
- 1.5
- Rent Escalators
- Yes
- Option to Extend
- Yes
Business Details
- Business Included?
- No
Miscellaneous Information
- Backup Package Available
- Yes
- Confidentiality/Non-Disclosure Agreement
- Yes
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 162
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.