Price cut $145K
$1,555,000
1/50.16 AC · Land
23 NW Greenwood Avenue
Bend, OR 97703
#220223191 01 / 04
For sale
$1,553,000
274 SW Bluff Drive
Bend, OR 97702 · Upper Terrace
- Baths
- 0
- Acres
- 0.54
Est. $9,122/mo~5 min to downtown Bend (approx.)
Listing by Compass Commercial Real Estate · 541-383-2444
MLS# 220228081 · Active
01
About this home
Exceptional mixed-use development opportunity in the heart of Bend's vibrant Old Mill District. This 0.54-acre parcel is zoned Mixed-Use Riverfront (MR), allowing for retail, restaurant, multifamily, hospitality, or office uses. Land use approvals are already in place for a nine-unit townhome project (conceptual renderings available), streamlining development timelines. The site is graded and retaining walls have been completed, with utilities ready for service, offering a true shovel-ready opportunity. The property's corner location provides mountain and river views, with high visibility and excellent access from SW Bond Street and SW Bluff Drive. Located in an Opportunity Zone, the property is suitable for outright sale or joint venture.
02
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03
Price history
35 days, no changes| Date | Event | Price |
|---|---|---|
| Sep 1, 2026 | Listed for sale | $1,553,000 |
From the MLS: original list price and latest price change. 35 days on market.
04
Drive times
~5 min to downtown Bend- Old Mill District~3 min · 0.3 mi
- Downtown Bend~5 min · 0.9 mi
- St. Charles Bend~12 min · 3.6 mi
- Sunriver Village~28 min · 17.3 mi
- Redmond Airport (RDM)~32 min · 21.3 mi
- Mt. Bachelor~37 min · 25.1 mi
- Sisters~38 min · 26.6 mi
- Smith Rock State Park~43 min · 30.7 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
- Type
- Commercial
- Lot
- 0.54 AC · 23,522 SF
- HOA
- None reported
- Taxes
- $8,238/yr
- Subdivision
- Upper Terrace
- County
- Deschutes
- Days on market
- 35
- MLS #
- 220228081
- Utilities
- Electricity Connected · Cable Connected · Natural Gas Connected · Phone Connected
06
Location & schools
Upper Terrace44.0479° N · 121.3122° W
Directions- Elementary
- Pine Ridge Elem
- Middle
- Cascade Middle
- High
- Summit High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$9,122/mo$9,122/mo
$1,242,400 loan · 30 yr fixed · 6.5%
- Principal & interest
- $7,853
- Property tax (listing)
- $686
- Home insurance (est.)
- $582
20% · $310,600
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220228252Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 2:01 PM.
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