Gary Clow Presents WoodHaven

A Rare Development Opportunity in SE Bend!

MLS: 201810547 | Offered at $4,250,000

A rare opportunity to acquire 7.99 acres of development land in SE Bend with pre-approved plans for 15 buildings and a total of 144 units (Current city zoning allows up to 173 units). The subdivision is comprised of (9) separate tax lots and may be developed in phases with an option to sell all or part of finished apartment complexes. Desirable location close to shopping, sought-after schools, senior center, parks, and public transportation. Just minutes from Highway 97, the Old Mill District, and Downtown Bend. Land has (8) income-producing structures on them currently. Value is in the land only. Contact listing broker for a marketing packet.

Dear prospective buyer,

It is my pleasure to present this rare development opportunity in SE Bend, Oregon. Not only is the location spectacular, I think you’ll agree the following development proposal has been well-planned and thoroughly thought-out. The sellers have gone to exceptional lengths to create a development-ready project with key features that are hard to find in Central Oregon. We truly

believe this is one of the best opportunities currently available in Bend. Although the Urban Growth Boundaries have been expanded, and you can still acquire land, the location, proximity to medical facilities, shopping, sought-after schools, as well as other key features we will outline on the following pages, all make this particular plot of land very attractive.

Bend continues to be one of the top relocation destinations in the United States, driving the demand for multi-family housing. Since 2012, rental vacancy rates in Central Oregon have consistently stayed under 2%, with the most recent data for Bend showing just a 1.04% vacancy rate. Savvy investors have been buying up multi-family complexes in Bend, resulting in a record-breaking $45.5 million dollar apartment complex sale in July of this year.

The City of Bend’s 20-year comprehensive plan is calling for even more growth, with an urban area population expected to reach 110,000 persons by 2028, and an unprecedented need for multi-family housing due to both growth and demographic factors. Additionally, Bend is the regional trade and service center for Central Oregon. More than two-thirds of all the jobs in the county are in Bend. The wide range of retail businesses, professional and trade services and specialty trades draws in customers from a five-county area.

I would personally like to extend an invitation to connect if you have additional questions and look forward to the opportunity to present this great opportunity to you in the near future.

Sincerely,

Gary Clow, Broker

View of Property from South to North

Property Details:

Site Address: 61635 Daly Estates Drive | Bend, OR 97702

Property Type: Land, Development

Acres: 7.99

Zoning: RM

Investment Highlights:

▪️9 tax lots
▪️7.99 acres of development land
▪️Pre-approved plans for 15 buildings and a total of 144 units
▪️Desireable Bend location
▪️Zoned RM