121 3rd Street, Prineville, OR 97754
sale
$1,310,000
|
Other
Courtesy Of Green Tree Commercial Real Estate
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.
Read More About This Property
Read Less About This Property
Copyright © 2025 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Block
- Floor Covering: Vinyl
- Floor Covering: Laminate
- Floors: 1
- Heating System: Electric (Heating)
- Heating System: Forced Air
- MLSID: 220207468
- Parking Spaces: 20
- Roof Type: Asphalt
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.