Central Oregon Homes, Land & Acreage for Sale

Bend, OR 97701

$2,932,646

Property Type: Commercial Sale Square Footage: 9,521 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $2,932,646 List Date: 12/17/2012 Last Modified: 2/10/2026

Overview

Description

Newport Lofts was constructed in 2007. This Class A'' mixed use retail building is currently comprised of three units. A portion of the first floor is occupied by Cuppa Yo. The second floor is occupied by Fortress Financial. Situated on NW Newport Avenue, the property is in a high traffic location that offers easy access to major roads. The property is also conveniently located amongst residential neighborhoods and the Central Oregon Community College.

Listing Details MLS# 201204909

General Property Information

Building Area Total: 9521
Building Area Source: Assessor
Year Built: 2007
Zoning: CC - Convenienc
Tax Annual Amount: 13099.07
Tax Year: 2011
CC&R's YN: No
Sign On Property YN: Yes

Property Features

Construction Materials: Block; Brick Levels: Two Business Type (AKA Sub Type): Income/Investment; Professional/Office; Restaurant; Retail; Other Listing Terms: Cash

Location Tax and Legal

County: Deschutes
State: OR
Postal Code: 97701
Subdivision Name: Boulevard

Contract Information

Original List Price: 2950000
Listing Contract Date: 2012-06-13

Remarks and Miscellaneous

Public Remarks: Newport Lofts was constructed in 2007. This Class A'' mixed use retail building is currently comprised of three units. A portion of the first floor is occupied by Cuppa Yo. The second floor is occupied by Fortress Financial. Situated on NW Newport Avenue, the property is in a high traffic location that offers easy access to major roads. The property is also conveniently located amongst residential neighborhoods and the Central Oregon Community College.

Status Change Information

Close Date: 2014-01-24
Under Contract Date: 2014-01-20
Status Change Timestamp: 2014-01-24
Close Price: 2932646
Sold Price per SqFt: 308.0187

More Information

Currently Not Used

List Price per SqFt: 325.596

Unit 1

Tenant Name: Allison James

Unit 2

Tenant Name: Woof

Unit 3

Tenant Name: Spork

Unit 4

Tenant Name: Cuppa Yo

Income and Expenses (Annual Amounts)

Cap Rate %: 6.5
Net Operating Income: 201609

Miscellaneous Information

Backup Package Available: Yes
Confidentiality/Non-Disclosure Agreement: No

Parking Details

Parking: Yes

Listing Office: NAI Cascade

Last Updated: February - 10 - 2026

Information deemed reliable but not guaranteed.