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$2,040,000

  • Sold
  • Closed
  • Commercial
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Galveston Terrace is a well-positioned mixed-use property located at the corner of Galveston Avenue and NW Federal Street, one of Bend's key corridors linking downtown and the west side. Built in 2016, the 5,015 SF building comprises two ground floor retail suites-leased to popular local businesses Bonta Gelato and Iris & Stout-and two well-appointed second-floor residential units. The site offers onsite parking and excellent street presence within a walkable, high-demand neighborhood surrounded by restaurants, shops, and residential density. With 100% occupancy and CC zoning, this asset is an attractive long-term hold in a supply-constrained urban node.

Full Property Details for 631 NW Federal St

General

  • Sold For: $2,040,000
  • Taxes: $10,811 (2024)
  • Status: Closed
  • Type: Commercial
  • Source: ODS
  • MLS ID: 220203547
  • Added to Site: 257 day(s) ago

Interior

  • Flooring: Carpet, Concrete, Laminate

Parking

  • Total Spaces: 5
  • Parking Features: On Street, Parking Lot

Location

  • Area: 5015
  • County: Deschutes
  • Subdivision: Highland
  • Cross Streets: Galveston Ave

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Zoned
  • Heating Type: Forced Air, Zoned

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Foundation: Slab
  • Roof: Composition
  • Common Walls: No Common Walls
  • Stories/Levels: 2
  • Square Feet: 5,015
  • Sq. Ft. Source: Assessor
  • Year Built: 2016

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,534
  • Zoning: CC

Financial Considerations

  • Price Per Sq. Ft.: $421.73
  • Tax Amount: $10,811.29
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 102704
  • Section: NW
  • Block: 5
  • Lot Number: 20

Listed by Compass Commercial Real Estate (541) 383-2444, Jay Edward Lyons (541) 383-2444 and Compass Commercial Real Estate (541) 383-2444, Grant W Schultz (541) 480-9873
Sold by NAI Cascade (541) 383-2444, Jeff Reed

Listing agents

— 631 NW Federal St —

  • Jay Edward Lyons

    Compass Commercial Real Estate

    541-383-2444

  • Grant W Schultz

    Compass Commercial Real Estate

    541-383-2444

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 631 NW Federal St

School District:Bend-la Pine Administrative School District 1
NameGradesDistance
William E Miller Elementary
300 NW Crosby Dr, Bend, OR 97701
K-52 mi
Cascade Middle School, Bend, OR
19619 Mountaineer Way, Bend, OR 97702
6-81.5 mi
Summit High School
2855 NW Clearwater Dr, Bend, OR 97701
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 631 NW Federal St

Date
Details
Price
Change
Source
1/05/2026
Sold
$2,040,000
-3.55%
MLS
6/09/2025
Listed
$2,115,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Compass Commercial Real Estate (541) 383-2444, Jay Edward Lyons (541) 383-2444 and Compass Commercial Real Estate (541) 383-2444, Grant W Schultz (541) 480-9873
Sold by NAI Cascade (541) 383-2444, Jeff Reed

Just Listed near 631 NW Federal St

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17611 Cluster Cabin Ln, Sunriver, OR 97707 - Photo 1 Just Listed
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17611 Cluster Cabin Ln  #36  Sunriver, OR 97707

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Price Reduced near 631 NW Federal St

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56995 Coyote Ln, Sunriver, OR 97707 - Photo 1 Price Reduced
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56995 Coyote Ln  #16  Sunriver, OR 97707

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57113 Brassie Ln  #22  Sunriver, OR 97707

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18034 Witchhazel Ln, Sunriver, OR 97707 - Photo 1 Price Reduced
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18034 Witchhazel Ln  Sunriver, OR 97707

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57393 Beaver Ridge Loop, Sunriver, OR 97707 - Photo 1 Price Reduced
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Recent Sales near 631 NW Federal St

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2772 NW McCook Ct, Bend, OR 97703 - Photo 1 Sold
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2772 NW McCook Ct  Bend, OR 97703

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Listed by Berkshire Hathaway HomeService, Lisa Cole
Sold by eXp Realty, LLC, David Lee Keyte

631 NW Federal Street, Bend, OR 97703 (MLS# 220203547) is a Commercial property that was sold at $2,040,000 on January 05, 2026. Want to learn more about 631 NW Federal Street? Do you have questions about finding other Commercial real estate for sale in Bend? You can browse all Bend real estate or contact a Coldwell Banker agent to request more information.