631 NW Federal Street, Bend, OR 97703
$2,040,000
Property Type:
Commercial Sale
Square Footage:
5,015
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$2,040,000
List Date:
6/09/2025
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 220203547
General Property Information
- Building Area Total
- 5015
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- Yes
- Year Built
- 2016
- New Construction YN
- No
- Zoning
- CC
- Tax Annual Amount
- 10811.29
- Tax Year
- 2024
- CC&R's YN
- No
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Common Walls:
No Common Walls
Cooling:
Zoned
Flooring:
Carpet; Concrete; Laminate
Foundation Details:
Slab
Heating:
Forced Air; Zoned
Levels:
Two
Roof:
Composition
Utilities:
Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Parking Features:
On Street; 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
- 631
- Street Dir Prefix
- NW
- Street Name
- Federal
- Street Suffix
- Street
- County
- Deschutes
- State
- OR
- Postal Code
- 97703
- Subdivision Name
- Highland
Contract Information
- Original List Price
- 2115000
- Listing Contract Date
- 2025-06-06
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Close Date
- 2026-01-05
- Under Contract Date
- 2025-09-21
- Status Change Timestamp
- 2026-02-01
- Close Price
- 2040000
- Sold Price per SqFt
- 406.78
More Information
Currently Not Used
- List Price per SqFt
- 421.73
Business Details
- Business Included?
- No
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 5
Listing Office:
Compass Commercial Real Estate
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.