Bend Costco Former Location Lease Details-what's Really Planned?
The former Costco site in Bend is currently being marketed for lease, with the listing showing about 156,729 square feet on 12.07 acres, roughly 636 parking stalls, and a location at The Forum Shopping Center on U.S. Highway 20 and 27th Street on Bend's east side. The lease listing does not publicly show a rate; interested tenants are being directed to contact the brokers handling the property.
What the lease listing says
The most concrete detail in the lease listing is the size and site profile: the property is a large former big-box box retail building with dock-high loading, strong power capacity, and infrastructure that can support a wide range of reuse options. The listing also notes transferable transportation SDC credits, which can matter to developers or tenants evaluating redevelopment economics.
The location sits in a high-visibility retail corridor on Bend's east side, and the listing emphasizes access from a major arterial road. That makes the property more attractive for users that need showroom exposure, vehicle access, or a format that benefits from large floor plates and abundant parking.
Lease history and timing
Costco moved from the former east-side store to its new north Bend location in October 2024, and the old building was reported as available for lease in March 2025. By April 2025, the same property had also been quietly marketed for sale, which suggests the owner was testing multiple paths for the asset.
That sequence matters because a property can be leased as a single-user building, divided for multiple tenants, or repositioned entirely if the market supports a different use. In this case, the public record points to a large, flexible asset rather than a simple neighborhood retail vacancy.
Property details
| Item | Detail |
|---|---|
| Former tenant | Costco Wholesale |
| Location | 2500 NE Hwy 20, Bend, OR 97701 |
| Site size | 12.07 acres |
| Building size | 156,729 square feet |
| Parking | 636 stalls |
| Loading | 4 dock-high receiving doors |
| Utilities | 2,500 amps, 480/277 3-phase power; 306 tons HVAC capacity |
| Tax data | Assessed value $19,901,300; property taxes $269,074 |
Why the property matters
The former east Bend Costco is not a typical vacancy because the building footprint is enormous and the parking supply is far beyond standard retail needs. That scale makes it suitable for uses like a car dealership, indoor recreation concept, regional showroom, warehouse-style retail, or other high-volume tenant formats.
For Bend, the site also matters because it sits in one of the city's most visible commercial corridors. Large anchor buildings like this can influence traffic patterns, adjacent retail demand, and redevelopment expectations for the surrounding shopping center.
Market signals
The public marketing materials show a property that is being positioned as ready for a major occupant rather than a small tenant. The presence of dock doors, heavy power, and extensive parking indicates the owner expects interest from users that need logistics support or a broad customer-facing format.
There is also a clear signal that the market is still sorting out the site's best future use, because the listing shifted from lease-only to sale interest within months. That usually means brokers are gauging whether the highest-value outcome is a long-term tenant, a buyer, or a redevelopment strategy.
The former Costco is a rare large-box opportunity in Bend because it combines freeway exposure, a massive parking field, and a proven retail location in one package.
What is not public
The biggest missing piece in the public lease terms is pricing. The available listing does not publish the lease rate, and the brokers have not publicly disclosed whether they are seeking a full-building tenant, a subdivided lease plan, or a different structure altogether.
There is also no public indication of a signed tenant, so any reuse scenario remains speculative until an announcement is made. As of the latest reporting, the city said it was not aware of any sale or tenant interest in the site.
Likely reuse scenarios
- Single-tenant retail or wholesale occupancy, because the building already has the size and infrastructure for a large operator.
- Automotive-related use such as a dealership or service/showroom concept, which matches the parking and access profile.
- Industrial or distribution-adjacent use, especially if a tenant values dock access and high-capacity electrical service.
- Redevelopment or repositioning, if a buyer prefers a different land use than the current big-box format.
Timeline
- October 2024: Costco moved to its new north Bend location.
- March 2025: The former east-side store was reported available for lease.
- April 2025: The property was quietly marketed for sale as well.
- Late spring 2025: Public listings continued to describe the site as a large-format opportunity with no posted lease rate.
Frequently asked questions
Why readers are watching
The former Forum Shopping Center anchor is drawing attention because large retail vacancies can reshape a neighborhood's commercial mix fast. In a market like Bend, where major boxes are scarce and land is valuable, the next tenant or buyer can have an outsized impact on the east side retail landscape.
For now, the best answer is simple: the former Costco site is a large, well-equipped property on the market, but the lease terms themselves have not been publicly disclosed. That leaves the biggest questions-price, tenant type, and final disposition-still open.
Expert answers to Bend Costco Former Location Lease Details Whats Really Planned queries
Where is the former Bend Costco located?
The former store is at 2500 NE Hwy 20 in Bend, Oregon, inside The Forum Shopping Center on the city's east side.
How big is the former Costco site?
The public listing says the property includes 156,729 square feet on 12.07 acres with 636 parking stalls.
Was the building leased or sold?
Public reporting first described the site as available for lease in March 2025, then later noted that it was also being marketed for sale in April 2025. No public report in the sources reviewed confirms a completed transaction.
Is the lease rate public?
No. The listing does not publish a lease rate and directs interested parties to contact the brokers.
What kinds of tenants could use it?
The building's size, loading doors, power capacity, and parking make it suitable for large-format retail, automotive, showroom, warehouse-style, or other high-traffic commercial uses.