154 NE FRANKLIN AVE Bend, OR97701
$4,500,000
$1 annual income
20312 sq. ft
1 to 2.99 Acres
Zoning: ME CL
1016 days on market
VestorFilter™
Price per ft²$221.54/ft²
Price per acre$4.37M/ac
Time on market1016 days
Property Description
The Rainbow Motel is located in the Central Bend District, as well as a Federal Opportunity Zone. The property features 50 guest rooms in 2 sections on 1.03 acres. The property is dual zoned and has the potential to be redeveloped into residential housing of up to 55 to 65 feet in height, with minimal set backs and lower parking ratios in the upgraded Central Bend District. Check with planning and zoning for further info.There is an opportunity for an owner developer to operate the property.
{{ compliance-logo }}Listing Provided By Premiere Property Group, LLC
Financial Data
Date Sold2022-05-10
Sold Price$4,500,000
Original Price$4,900,000
Current Price$4,500,000
Property Taxes$15,935
Find On Map
Home Facts
StatusClosed
Year Built1995
Garage
MLS ID21302848
