Clearpine Building
Retail | 12,216 SqFt
Marketing description
CLASS A OWNER/USER OR INVESTMENT OPPORTUNITY
Completed in 2023, the ClearPine Building is a brand-new mixed-use property offering a rare blend of commercial and residential space in the heart of Sisters’ growing industrial district. Priced well below replacement cost, the building totals 12,216 square feet, including 6,125 RSF of ground floor commercial space, 1,566 RSF of second-floor commercial space, and 4,525 SF of second-floor residential apartments. This versatile design provides an attractive opportunity for both owner-users and investors seeking modern space with strong income potential.
The property already benefits from established tenancy, generating $123,912 in annual rental income. One ground-floor suite is leased to Sisters Physical Therapy, while all three second-floor residential apartments are fully leased. This built-in stability provides reliable cash flow while still leaving significant space available for an owner-occupant or additional tenants.
Situated just minutes from Downtown Sisters and US-20, the ClearPine Building offers excellent connectivity to Bend, Redmond, and the broader Central Oregon market. Its corner location provides outstanding signage visibility, with ample on-site parking and Cascade Mountain views adding to its curb appeal. Nearby amenities, including food, coffee, and recreation, make this an ideal location for businesses and residents alike.
Investment highlights
- New construction completed in 2023, modern mixed-use design with highquality finishes
- Close to amenities adjacent to the clearpine neighborhood with 106 residential units
- Investor or owner-user the vacant 6,462 sf of commercial space is suitable for light manufacturing, distribution, retail, or office use
- Income producing one ground floor suite and three residential apartments fully leased, generating $123,912 annual income
- Ample parking 16 surface spaces plus 6 covered stalls and street parking available
- Strong location situated in north sisters business park with connectivity to downtown sisters, bend, and redmond
- Flexible layout 12,216 sf total, including commercial and residential space with clear-span areas
- High visibility prominent corner presence on lundgren mill drive, excellent signage and branding potential
- Percent Leased 45.8%
- Building Size 12,216 SF (6,125 RSF of 1st Floor Commercial, 1,566 RSF 2nd Floor Commercial, 4,525 SF of 2nd Floor Residential Apartments)
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