About 1560 Ne 1st Street
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.
Features of 1560 Ne 1st Street
| MLS® # | 220225719 |
|---|---|
| Price | $2,550,000 |
| Acres | 0.91 |
| Year Built | 1974 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 1560 Ne 1st Street |
|---|---|
| Subdivision | N/A |
| City | Bend |
| County | Deschutes |
| State | OR |
| Zip Code | 97701 |
Amenities
| Parking | Asphalt |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Zoned |
|---|---|
| Cooling | Zoned |
| Fireplace | No |
| Stories | One |
Exterior
| Roof | Membrane |
|---|---|
| Foundation | Slab |
Additional Information
| Date Listed | July 20th, 2026 |
|---|---|
| Days on Market | 1 |
| Zoning | ME |
Listing Details
| Office | Compass Commercial Real Estate |
|---|