395 N Main Street, Prineville, OR 97754
sale
$1,800,000
|
Other
Courtesy Of NAI Cascade
Iconic downtown Prineville building in the heart of Oregon's fastest-growing county. With 83% income growth and state-leading GDP gains, Prineville is experiencing unprecedented economic momentum.Street-level retail is leased to Whiskey Darlin' boutique (tenant since 2021) and HIIT Logic Fitness, both under new 3-year terms.The upper level features a 12-room bunkhouse/extended-stay motel designed to serve the area's booming data and renewable energy sectors. It remains consistently occupied, with rising rents, several long-term tenants, and continued upside contributing to strong, reliable cash flow.The property has been substantially renovated over the past three years, enhancing both appeal and functionality. An unfinished basement offers additional upside for storage or future build-out.A rare opportunity to own a landmark mixed-use asset with a strong operating history and creative potential. Financials include management for a hands-off investment opportunity.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Heat Pump
- Exterior Type: Brick
- Floor Covering: Laminate
- Floor Covering: Hardwood
- Floors: 2
- Heating System: Heat Pump (Heating)
- MLSID: 220207900
- Roof Type: Membrane
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