61545 S Highway 97 - Storefront FOR SALE


Bend, OR 97702- Old Farm District
$5,150,000 USD
541-550-8413
61545 S Highway 97, Bend, OR for Sale
$5,150,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

61545 S Highway 97
Bend, OR 97702
Old Farm District


HIGHLIGHTS

  • Premier Location: Frontage on Hwy 97 with 19,287 AADT with excellent visibility
  • Major Shopping Area: Adjacent to Fred Meyer with 130K+ monthly visits driving regional traffic
  • Owner-User Option: Anchor space available for owner-user upon Big 5 lease expiration
  • Flexible Zoning: Commercial General (CG) zoning allows a wide range of retail uses
  • Value-Add Potential: Chance to re-lease anchor space at market rents or reconfigure tenancy
  • Abundant Parking: 48 onsite spaces deliver a 3.27/1,000 SF ratio supporting high customer turnover

OVERVIEW

$500,000 PRICE REDUCTION! Paulina Square presents a rare opportunity to acquire a high-visibility retail center on Bend’s dominant commercial corridor, South Highway 97, shadow-anchored by Fred Meyer. The center totals 14,674 square feet, featuring an 11,152 SF anchor space that offers a unique opportunity for an owner-user to secure a highly visible large-format box. The anchor space, currently occupied by Big 5 Sporting Goods, can be made available for occupancy within 6 months, providing a clear path for an owner-user to take control of the space. The space is also being offered for lease at $2.05/SF NNN, presenting an opportunity for an investor to re-tenant the anchor with a large-format user. The property features strong co-tenancy, flexible CG zoning, and prominent Highway 97 frontage with over 19,000 vehicles per day. For owner-users, this is a chance to secure long-term real estate presence in one of Oregon’s fastest-growing cities. For investors, the offering presents covered land with future re-leasing or redevelopment potential in a high-barrier-to-entry location. Paulina Square’s strategic location, existing income stream, and near-term occupancy flexibility make it a versatile asset for users seeking to control their footprint in Bend’s expanding retail corridor.

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Paulina Square - Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

CG

APN/PARCEL ID

177088

ASK ABOUT THIS PROPERTY

Dan KempCompass Commercial Real Estate ServicesMore Info
541-550-8413

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Dan KempCompass Commercial Real Estate ServicesMore Info
541-550-8413

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