Address
121 Ne 3rd Street, Prineville, OR
Price
$ 1,250,000
Property Attributes
- MLS#220224685
- TypeCommercial
- Listing Status Active
- CountyCrook
- CityPrineville
- Zip97754
- Style
- Year Built1972
- Taxes$ 11264
- Price$ 1,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5800
- Lot Size0.33 Acres
Data Source:
MLS of Central Oregon (MLSCO)
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.
| Price History | |
|---|---|
| 7/6/2026 | Listed $1,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric,Forced Air |
| Cooling | Central Air |
| Roof | Asphalt |
| Construction Materials | Block,Brick |
| Year Built | 1972 |
| Tenant Pays | Electricity,Gas,Interior Maintenance,Janitorial Service,Sewer,Water |
| Levels | One |
| Tax Year | 2025 |
| OwnerPays | Exterior Maintenance,Insurance,Repairs,Taxes |
| County | Crook |
| New Construction | false |
| Property Type | Commercial Sale |
| Attached Garage | false |
| Status | Active |
| City | Prineville |
| Zoning Description | C1 |
| Number Of Units Total | 1 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 14374.8 |
| Tax Annual Amount | 11264.71 |
| Additional Parcels Y/N | false |
| Structure Type | Retail |
| Standard Status | Active |
| Cap Rate | 7.5 |
| Sewer_co_Public_sp_Sewer | true |
Interior Features
| Flooring | Laminate,Vinyl |
|---|---|
| Common Walls | No Common Walls |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Double Pane Windows |
| Heating-Forced Air | true |
Exterior Features
| Exterior Amenities | Courtyard |
|---|---|
| Parking Features | Asphalt |
| Lot Features | Corner Lot,Level |
| Water Source | Public |
| Lot Size Area | 0.33 |
| Foundation Details | Slab |
| Building Area Total | 5800 |
| Lot Size Acres | 0.33 |
| Road Surface Type | Paved |
| Road Frontage Type | Shared Access |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 97754
Price
Taxes
Year Built
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Mariposa Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 22, 2026 5:06 AM UTC Some properties which appear for sale on this website may subsequently have sold or may
