154 NE Franklin Ave

Bend, OR 97701
193 Days on Market Taxes $15,935 /yr
COMM
20,312 sqft
MLS
21302848
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.
Very Walkable
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Broker, Licensed in Oregon

Price
$4,900,000
Sub Type
Hotel/Motel
Square Feet
20,312
Levels
2
Year Built
1995
Acres
1.03
Garage Spaces
50
Lot Square Feet
43,560
Location
County
Deschutes
Status
Active
Estimated Taxes
$15,935
Listing Office
Premiere Property Group, LLC
Listing Last Updated
December 11, 2021 2:58 PM
 Expand All

Interior
Interior
Heating
Other
Fuel
Electricity

Exterior
Exterior
Roof Type
Metal

Lot & Land
Lot & Land
Acres
1.03
Zoning
ME CL
Sewer
Public Sewer
Water
Public
road description
Paved


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Bend - NE

NE Bend includes the following neighborhoods: Boyd Acres, Orchard District and Mountain View. With the ever-expanding St. Charles Medical Center, NE Bend is a great option for investors as it offers a thriving rental market and continued subdivision development.



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Presented By

Gene Moreland  

Broker, Licensed in Oregon

  • Mobile 503-577-4848
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Listing Courtesy of

Premiere Property Group, LLC

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Hasson Company, Realtors® are marked with the IDX logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2015 RMLS™, Portland, Oregon.This property was last updated: December 11, 2021 2:58 PM

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