sale flyer horizontal...jeff reed +1 541 280 7068 [email protected] karen koppel +1 541 678 2924...
TRANSCRIPT
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
SALE PRICE $3,250,000
CAP RATE 5.86% Proforma
NET INCOME POTENTIAL $190,569 Annually
BUILDING SIZE 9,952 SF ($1.60/SF)
LOT SIZE 1.67 Acres
YEAR BUILT 1996
ZONING CG (General Commercial)
PARKING +/-97 Surface Spaces
PROPERTY DETAILS
Restaurant/Event SpaceSystem Development Charges (SDCs) paid for restaurant use.
Easy access to Bend Parkway and Hwy 97.
One mile from the Old Mill District.
26,430 rooftops and 66,260 people within a 3 mile radius.
Traffic counts are approximately 22,000 - 39,000 vehicles daily.
Monument sign just off 3rd Street/Hwy 97.
FOR SALE20265 Meyer Drive Bend, OR 97702
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
The Story
Ideal opportunity for an owner/user or investor to own a key property on 3rd Street/Hwy 97directly across from Fred Meyer. Excellent location for a restaurant/retail operator, daycareor event center.
Single story building includes a large commercial pizza kitchen, indoor seating for +/-300patrons, a large open area (currently, a playroom) with potential to create patio seating.Potential for additional development on land.
Property is currently occupied by Pappy's Pizzeria. Business sold separately or will bedelivered vacant.
Amenities
• Large commercial pizza kitchen
• 2 walk-in coolers
• Indoor seating for +/-300
• 3 party/meeting rooms
• Open space/playroom roughly 49'x35'
• Parking for +/-97 vehicles
• Lots of windows for natural light
• Restrooms
• Monument sign
FOR SALE20265 Meyer Drive Bend, OR 97702
PROPERTY HIGHLIGHTS
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
Location Overview
Between 3rd and HWY 97 next to Fred Meyer. Site is located in Bend's Enterprise Zone.http://www.oregon4biz.com/Oregon-Business/Tax-Incentives/Enterprise-Zones/CG
Development Opportunities
While most visitors flock to Bend for the abundance of outdoor recreation the recentadditions of K1 Racing, Trampoline Zone, and Bend Escape Room indicate that residentsand visitors alike enjoy indoor recreation as well. Currently, these opportunities are alllocated on Bend's north end.
Market reports indicate strong participation in weight lifting, yoga, aerobics, swimming,cycling and high interest in football as a spectator sport.
Zoning
(General Commercial) offers a broad mix of commercial uses such as convention andmeeting space, lodging, restaurants, entertainment and recreation, day care, retail spaceand more.
Development Highlights
• Potential to create spacious outdoor patio
• Excess land invites further development
• Zoning allows a building height of 55'
FOR SALE20265 Meyer Drive Bend, OR 97702
DEVELOPMENT
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
FOR SALE20265 Meyer Drive Bend, OR 97702
BEND DEMOGRAPHICS
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
FOR SALE20265 Meyer Drive Bend, OR 97702
RETAILER MAP
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
FOR SALE20265 Meyer Drive Bend, OR 97702
TRAFFIC COUNTS
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
FOR SALE20265 Meyer Drive Bend, OR 97702
FLOOR PLAN
Jeff Reed+1 541 280 [email protected]
Karen Koppel+1 541 678 [email protected]
No Warranty Or Representation, Express Or Implied, Is Made As ToThe Accuracy Of The Information Contained Herein, And The Same IsSubmitted Subject To Errors, Omissions, Change Of Price, Rental OrOther Conditions, Prior Sale, Lease Or Financing, Or WithdrawalWithout Notice, And Of Any Special Listing Conditions Imposed ByOur Principals No Warranties Or Rep- resentations Are Made As ToThe Condition Of The Property Or Any Hazards Contained Therein AreAny To Be Implied.
FOR SALE20265 Meyer Drive Bend, OR 97702
SITE PLAN