121 3rd ST, Prineville, OR 97754
121 3rd ST, Prineville, OR 97754
121 3rd ST, Prineville, OR 97754
121 3rd ST, Prineville, OR 97754
121 3rd ST, Prineville, OR 97754
121 3rd ST, Prineville, OR 97754
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Jeffery West

Jeffery West

+1(541) 944-7599
$ 1,250,000
Est. payment | /mo

5,800 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

5,800 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $215

MLS Listing ID 220224685

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 $1,250,000 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.

Location

State OR

County Crook

Interior

Heating Electric, Forced Air

Cooling Central Air

Window Features Double Pane Windows

Exterior

Exterior Feature Courtyard

Parking Features Asphalt

Roof Type Asphalt

Building

Lot Description Corner Lot, Level

Foundation Slab

Water Public

Level or Stories One

Structure Type Block,Brick

New Construction No

Others

Senior Community No

Tax ID 15041

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Green Tree Commercial Real Estate

Nearby Locations

Jeffery West

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(541) 944-7599

jeffwest.southernoregon@gmail.com

568 NE E St, Grants Pass, OR 97526, USA

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121 3rd ST