354 NE Greenwood Avenue, Bend, OR 97701

$3,125,000
Property Type: Commercial Sale Square Footage: 14,900 Lot Size (sq. ft.): 20,909 Status: Pending
Current Price: $3,125,000 List Date: 8/04/2026 Last Modified: 8/27/2026

Overview

Description

Rare opportunity to acquire The Spectrum Professional Building, a well-established 31-suite, multi-tenant office investment in the heart of Bend. Situated on 0.48 acres, this approximately 14,900-square-foot professional office building serves a diverse mix of wellness, counseling, medical, and professional service tenants. The property features 34 on-site parking spaces, shared conference facilities, attractive common areas, and flexible suite configurations. Ideally located with convenient access to Downtown Bend, Highway 97, St. Charles Medical Center, shopping, and restaurants. Financial information, rent roll, and lease documents available to qualified buyers.

Listing Details MLS# 220226449

General Property Information

Building Area Total
14900
Building Area Source
Assessor
Building Area Units
Square Feet
# of Units Total
31
Year Built
1978
New Construction YN
No
Zoning
CL
Tax Annual Amount
21245.08
Tax Year
2025
CC&R's YN
No
Preferred Escrow Company & Officer
Yvonne Ward...Western Title
FIRPTA YN
No
Sign On Property YN
No

Property Features

Common Walls: 1 Common Wall; 2+ Common Walls Cooling: Central Air Flooring: Carpet; Simulated Wood; Tile Foundation Details: Slab Heating: Forced Air Levels: Two Roof: Membrane Utilities: Electricity Connected; Natural Gas Connected; Phone Connected Parking Features: Alley Access; Asphalt; Parking Lot Power Production: None Sewer: Public Sewer Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
354
Street Dir Prefix
NE
Street Name
Greenwood
Street Suffix
Avenue
County
Deschutes
State
OR
Postal Code
97701
Subdivision Name
Center Addition to Bend

Contract Information

Original List Price
3125000
Listing Contract Date
2026-08-04
Dual Listing YN
No

Remarks and Miscellaneous

Public Remarks
Rare opportunity to acquire The Spectrum Professional Building, a well-established 31-suite, multi-tenant office investment in the heart of Bend. Situated on 0.48 acres, this approximately 14,900-square-foot professional office building serves a diverse mix of wellness, counseling, medical, and professional service tenants. The property features 34 on-site parking spaces, shared conference facilities, attractive common areas, and flexible suite configurations. Ideally located with convenient access to Downtown Bend, Highway 97, St. Charles Medical Center, shopping, and restaurants. Financial information, rent roll, and lease documents available to qualified buyers.

Status Change Information

Under Contract Date
2026-08-26
Status Change Timestamp
2026-08-26

More Information

Currently Not Used

List Price per SqFt
209.73

Business Details

Business Included?
No

Income and Expenses (Annual Amounts)

Cap Rate %
6.07

Parking Details

Parking
Yes
# of Parking Spaces
34
Listing Office: John L Scott Bend
Last Updated: August - 27 - 2026
Broker Attribution: 541-317-0123

Information deemed reliable but not guaranteed.