1560 NE 1st Street, Bend, OR 97701 For Sale

1560 NE 1st Street offers the opportunity to acquire a well-established, multi-tenant industrial investment in Bend’s Midtown commercial district. Priced at just $144.56 per square foot, the property represents exceptional value for a fully leased industrial asset in Bend. The building includes 14 industrial suites totaling approximately 17,640 square feet, with eight 1,200-square-foot units and six 1,340-square-foot units. This small-bay configuration supports a diverse tenant mix and has historically maintained very low vacancy.

The property is fully leased and currently generates $18,373 in gross monthly rental income. At a 6.56% capitalization rate, the asset provides immediate cash flow with additional value-add potential through professional property management, strategic renewals, and adjustments toward current market rents.

Located near Business Highway 97, the Bend Parkway, and downtown Bend, the property offers convenient access for tenants, employees, and customers. Its central location, proven occupancy history, and functional suite sizes make 1560 NE 1st Street a compelling industrial investment with stable in-place income and potential for future NOI growth.

1560 NE 1st Street is centrally located in Bend’s established Midtown industrial district, just east of the Bend Parkway and west of Business Highway 97. The property offers convenient north–south access through the city and is positioned near key east–west routes, including NE Greenwood Avenue/Highway 20.