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21137376
21137378

2 Locations

PM
OR OR 200606373
Compass Commercial Real Estate Services
ET
OR 201245391
Compass Commercial Real Estate Services
DK
OR 201203140
Compass Commercial Real Estate Services
Listed by Compass Commercial Real Estate Services
$3,750,000
512 days on market
Updated 28 days ago

22022 Nelson Road & 63140 Dickey Road

Details
Property Type Hospitality, Office (+2)
Sub Type Medical Office, School
Net Rentable (SqFt) 18,460
Cap Rate 5.65%
Tenancy Single
Brand/Tenant Embark
Lease Type NNN
Rent Bumps Yes
Class B
Year Built 1989; 1930
Year Renovated 2017
Buildings 5
Acreage 10.770
Zoning MUA-10; MUA-10 & EFUTRB
Investment Type Stabilized
Tenant Credit No Credit Rating

Hospitality | 5.65% CAP

Marketing description

This unique offering spans 10.77 acres across two tax lots, featuring over 18,000 SF of improvements. The property is 100% leased to Embark Behavioral Health, which occupies all three buildings, ensuring steady income for investors. It includes a historic 1930-built schoolhouse, a modern 2017 administrative building, and an 8,691 SF residential facility with ADA-compliant amenities. Robust infrastructure, such as a commercial kitchen, clinical offices, and detached garages, supports diverse uses.

Located on Nelson Road and Butler Market Road, the properties blend historical charm with modern functionality, ideal for educational, institutional, or mixed-use applications. With ample acreage, diverse facilities, and scenic surroundings, this income-generating property presents a compelling investment opportunity. Offered at $3,750,000, it combines location, versatility, and stable tenancy into a rare find.

Investment highlights

  • Address: 22022 Nelson Road, Bend, OR 97701

  • Building Size: 8,691 SF (including 1,000 SF basement)

  • Lot Size: 5.43 acres

  • Year Built: 1989

  • Zoning: MUA-10

  • County Deschutes

  • Number of Buildings" 1 residential building + 4 detached garages

  • Features: Residential areas, ADA restrooms, clinical offices, great hall, commercial kitchen, and additional outbuildings

  • Additional Info: Includes mobile office trailer (not part of the sale or valuation)

  • Addresses 22025 Butler Market Road, Bend, OR 97701 63140 Dickey Road, Bend, OR 97701

  • Building Size: 9,769 SF

  • Lot Size: 5.34 acres

  • Year Built: 1930 (original school) 2017 (additional school and admin building)

  • Zoning: MUA-10 & EFUTRB

  • County: Deschutes

  • Number of Buildings: 2 school buildings + 1 admin building + 1 detached garage

  • Features: Historic schoolhouse, modern admin building

  • 100% occupied by Embark Behavioral Health providing stable and predictable income

  • Reliable income stream with a reputable long-term tenant already in place

  • Mixed-use functionality with educational, administrative, and residential facilities

  • Features buildings from 1930, 1989, and 2017, offering a blend of character and functionality

  • Over 18,000 SF across multiple buildings, offering versatile and scalable usage options

  • 10.77 acres of well-maintained land with potential for growth or redevelopment

  • ADA compliance, commercial kitchen, clinical offices, and garages for diverse uses

  • Close to Bend’s key roadways, boosting tenant retention and value

Listing Contacts

PM
OR OR 200606373
Compass Commercial Real Estate Services
ET
OR 201245391
Compass Commercial Real Estate Services
DK
OR 201203140
Compass Commercial Real Estate Services
Listed by Compass Commercial Real Estate Services

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Additional Information

Name
Peter May
License
OR 200606373
Brokerage
Compass Commercial
Brokerage Phone
5418484057
Title
Broker
Name
Emilio Tiscareno
License
201245391
Brokerage Phone
541-383-2444
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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