121 NE 3rd Street, Prineville, OR 97754
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE
- Days on Market
- 69
- MLS#
- 220224685
- Subtype
- Commercial Sale
- Year Built
- 1972
- Lot Size
- 14,374
- Acres
- 0.33
Property Description
Prime downtown Prineville NNN investment opportunity! This 5,800 SF property, offered at $1,250,000 with a 7.50% 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.
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Additional Information
- Exterior Features
- Courtyard
- Taxes
- $11,264
- Zoning
- C1
- Flooring
- Laminate, Vinyl
- Heating
- Electric, Forced Air
- Air Conditioning
- Central Air
- Stories
- One
- Levels
- One
- Roof
- Asphalt
- Foundation
- Slab
- Parking Features
- Asphalt
Listing courtesy of Green Tree Commercial Real Estate.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: