For Sale
$850,000

0 Main StPrineville, OR 97754

High-traffic location, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
This fully occupied, single-story office building in downtown Prineville, Oregon presents a compelling investment opportunity. Located on Main Street, 97754, this 7,152 square foot property sits on a 0.2-acre lot and is zoned C1. Built in 1962, the building currently houses eight tenants, enjoying 100% occupancy, generating a substantial net operating income (NOI) of $60,300, representing a 7.09% capitalization rate. The asking price is $850,000, translating to $118.85 per square foot. Its prime location in a high-traffic area ensures excellent visibility and accessibility for tenants and customers, further enhanced by the availability of ample public and street parking. The property's strong tenant base provides consistent rental income and the benefit of long-term leases. This presents a stable investment with the added potential of attractive tax incentives. This is a rare opportunity to acquire a fully occupied commercial property in a thriving downtown area.

Highlights

  • Fully occupied, single-story office building in downtown Prineville, OR.
  • 7,152 square foot building on a 0.2-acre lot, zoned C1.
  • Eight tenants with 100% occupancy, generating a $60,300 NOI and a 7.09% cap rate.
  • Asking price: $850,000 ($118.85/SF).
  • Prime Main Street location (97754) with ample parking.

Property Details for 0 Main St

Property type
Office properties
Square Feet
7,152 SF
Year Built
1962
Buildings
1
Stories
1
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Prineville
County
Crook
State
Oregon
Latitude
44.3169296
Longitude
-120.8470763
Main St, Prineville, Oregon

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0 Main St
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