631 NW Federal St - Storefront Retail/Office FOR SALE


Bend, OR 97703- River West
$2,115,000 USD
541-383-2444
631 NW Federal St, Bend, OR for Sale
$2,115,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 5.13% Cap Rate

631 NW Federal St
Bend, OR 97703
River West


HIGHLIGHTS

  • Building is fully leased with two ground floor retail suites and two second floor apartments
  • Highliy visible corner lot location on busy Galveston Avenue
  • Surrounded by restaurants, retail and residential homes

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,115,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

5.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Galveston Terrace - 100% Leased Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,578 SF

ZONING

CC

APN/PARCEL ID

102704

ASK ABOUT THIS PROPERTY

Jay LyonsCompass Commercial Real Estate ServicesMore Info
541-383-2444

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Jay LyonsCompass Commercial Real Estate ServicesMore Info
541-383-2444

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