22
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$1,310,000
Est. payment /mo
5,800 SqFt
Active
121 3rd ST NE Prineville, OR 97754
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $225
MLS Listing ID 220207468
Year Built 1972
Annual Tax Amount $11,264
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 0.33
Property Description
Prime downtown Prineville NNN investment opportunity! This 5,800 SF property, offered at $1,310,000 with a 7.15% CAP rate, is fully leased with a brand-new 5-year term beginning August 2025 and a 5-year renewal option. Enjoy 3% annual rent increases for built-in income growth. Situated on 0.33 acres with coveted C1 Central Commercial zoning, the building features a fully equipped commercial kitchen, full-service bar, and prime visibility in the city's vibrant core. Anchored by Crossroads BBQ Pit & Pub—a proven tenant and community favorite for over a decade—this property benefits from steady local and tourist traffic. Located adjacent to the newly renovated High Desert Inn with on-site parking, this stable, income-producing asset is set in one of Central Oregon's fastest-growing communities.
Location
State OR
County Crook
Interior
Window Features Double Pane Windows
Heating/Cooling Electric, Forced Air
Exterior
Exterior Feature Courtyard
Parking Features Asphalt
Roof Type Asphalt
Parking Asphalt
Building
Lot Description Corner Lot, Level
Foundation Slab
Water Public
Level or Stories One
Structure Type Block,Brick
New Construction No
Construction Block, Brick
Others
Senior Community No
Tax ID 151605BB02300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Green Tree Commercial Real Estate
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