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828 NW Hill St - PRICE JUST REDUCED: $175,000 Downtown Bend MU

0.32 Acres of Commercial Land Offered at $1,975,000 in Bend, OR 97703

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INVESTMENT HIGHLIGHTS

Core Downtown Urban Development
NEC of NW Hill and NW Hawthorne Avenue
Conceptual design complete for multi-family/65' mixed use complex

Mixed-Use Urban District Zoning for Commercial/Residential re-development
Utilities to property and Street

EXECUTIVE SUMMARY

MU (Mixed-Use) Urban zoned lot in downtown Bend. Flat, level and ready for re-development. Utilities are stubbed to the site and also located in the street. City of Bend sewer & water. NEC of NW Hill & NW Hawthorne Ave.

09.27.2024 828 NW Hill Development Land

PROPERTY FACTS

Price	$1,975,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Apartment Units Apartment Units - Condo Hold For Development Hold For Investment Medical Storefront, Retail or Residential Strip Center
Sale Condition	Redevelopment Project	Total Lot Size	0.32 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$1,975,000
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Apartment Units Apartment Units - Condo Hold For Development Hold For Investment Medical Storefront, Retail or Residential Strip Center
Total Lot Size	0.32 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 LOT AVAILABLE

Lot 13 & 14

Price	$1,975,000	Lot Size	0.32 AC
Price Per AC	$6,171,875.00

Price	$1,975,000
Price Per AC	$6,171,875.00
Lot Size	0.32 AC

DESCRIPTION

PRICE JUST REDUCED $175,000! Nicely positioned 0.32/AC MU zoned re-development parcel in the growing core area of downtown Bend. Located at the NEC of Hill and Hawthorne Avenue, provides an excellent choice for developing a mixed-use complex with blended commercial and residential units. Conceptual designs and engineering done for 65' multi-family/mixed-use building and $43,008 of System Development Credits available. Utilities are stubbed to the site and located in the street with service already established at the site. City of Bend water/sewer available. Tax incentives could be available as property is within the Opportunity Zone and Enterprise Zone. Site at grade. The new Hawthorne pedestrian and bicycle bridge will be close-by to help with connectivity between westside and eastside Bend, providing great walkability over the Bend Parkway for area residents. Mixed-Use Urban Districts are intended to provide a balanced mix of residential and commercial support services and provide for the needs of a growing community. Mixed-Use Urban is to provide opportunities for vibrant mixed-use centers in areas with high-quality connectivity like the downtown core area. It allows for denser level of development of a variety of commercial and residential uses that is supportive of transit by encouraging a pedestrian-friendly environment. Please call listing Broker for more details on this opportunity.