Commercial building on South Pacific Highway. Previous tenant had a triple net lease at 5,925/month, which equates to an 8.4% cap rate. Property is 1.76 acres and is zoned C-G so it's possible for commercial and/or apartment development. Apartments exist on the north side of property. The building is 11,008 square feet and in good condition. Property is priced well as an investment and with all of the new development in Phoenix the price also makes sense for commercial land at $11/sf and multifamily land @ $16,200/unit.
▶ Tour
▶ Tour
▶ Tour
Listing courtesy of Windermere Van Vleet & Assoc2, agent Michael Bauer
Data last updated July 12, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $674,000 · $169,000 down · 30 year term
ListPrice: 943000.00 → 843000.00
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
Get the rental projection