1033 NW Bond St - Restaurant FOR SALE


Bend, OR 97703- Downtown Bend
$5,000,000 USD
541-771-8260
1033 NW Bond St, Bend, OR for Sale
$5,000,000 USD
Restaurant - FOR SALE
1/6
null | 6.5% Cap Rate

1033 NW Bond St
Bend, OR 97703
Downtown Bend


HIGHLIGHTS

  • Iconic Tenants: Ken's Artisan Pizza & Americana
  • In-place income: Second floor apartments
  • Permit ready for European-style Albergo with Tenant in-place
  • Ample parking

OVERVIEW

A premier historical landmark in downtown Bend, 1033 NW Bond has been thoughtfully restored and anchored by two of the city’s busiest dining destinations: Ken’s Artisan Pizza, ranked 8th best pizza in the U.S. this year, and Americana, a Bend staple. The second floor currently operates as three high-end apartments, providing in-place income for an investor seeking a stabilized asset. Permits are in place for conversion to a niche, high-end European-style albergo with tenant in place and excess land at the rear of the property allowing for future expansion. With original 17-foot ceilings, a building elevator, fire suppression system, and ample onsite and offsite parking, this property combines historic charm with strong income potential and future upside.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$624 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Bend Historical Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

CBD

APN/PARCEL ID

103348

ASK ABOUT THIS PROPERTY

Walt RamageNAI CascadeMore Info
541-771-8260

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Walt RamageNAI CascadeMore Info
541-771-8260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.