62910 O B Riley Rd - Storefront Retail/Office FOR SALE


Bend, OR 97703- Boyd Acres
$2,880,000 USD
541-480-5756
62910 O B Riley Rd, Bend, OR for Sale
$2,880,000 USD
Storefront Retail/Office - FOR SALE
1/26
null | 5.84% Cap Rate

62910 O B Riley Rd
Bend, OR 97703
Boyd Acres


HIGHLIGHTS

  • Home to perennial Best of Bend restaurants
  • Across the street from Sawyer Park and Deschutes River
  • Close to Shopping, Arterials, Hwy 97 and Hwy 20.
  • Impeccably maintained

OVERVIEW

McKay Cottage Plaza is for sale! The real estate supporting Bend’s Best Breakfast restaurant (McKay Cottage) and adjacent office buildings (McKay Cottage Plaza) is now available for an investor that wants to own both a sound investment and a legend. REAL ESTATE ONLY is for sale, business is NOT for sale! Sale includes: McKay Cottage Restaurant---real estate only. 2384 square feet plus extensive outdoor seating in park-like setting McKay Cottage Plaza office buildings—two buildings each two level totally 8640 square feet. 1.32 acres on one tax lot plus .37 acres on adjacent vacant tax lot across the street from Sawyer Park Long term lease in place for restaurant (five year with five year option) Shorter term leases in place for the office spaces, ranging from month to month to about 1 year. This is a quality property that has been exquisitely maintained. Many long term tenants in the offices, and historically tremendous occupancy. Parking is shared with specific spaces reserved for office use during restaurant hours M-F only. The restaurant provides the majority of cash flow, while the office buildings provide excellent stable income both short and long term. Potential upside on the office leases as they are modified gross leases, and due to length of term as some appear well below market. Potential future redevelopment potential in this commercially zoned property (CG), potentially allowing up to 55 foot building height. Located on OB Riley Road across from Sawyer Park, near shopping malls, offices, and with access to major arterials. Financial information, rent roll etc. available upon receipt of Seller’s non-disclosure agreement. Showings only after receipt of acceptable offer. No for sale sign on property. Please do not disturb tenants or mention the potential sale to them, showings will be by appointment only.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

5.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McKay Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

CH

APN/PARCEL ID

118261

ASK ABOUT THIS PROPERTY

Dan SteelhammerRE/MAX Key PropertiesMore Info
541-480-5756

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Dan SteelhammerRE/MAX Key PropertiesMore Info
541-480-5756

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