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Main Street Bunkhouse & Downtown Retail 395 N Main St 7,072 SF 100% Leased Retail Building Prineville, OR 97754 $2,791,840 CAD ($394.77 CAD/SF) 6.74% Cap Rate
INVESTMENT HIGHLIGHTS
- 6.74% cap rate on in-place income
- Located in Oregon's fastest growing county
- Owner-carry terms available
EXECUTIVE SUMMARY
Iconic downtown Prineville building in the heart of Oregon’s fastest-growing county. With 83% income growth and state-leading GDP gains, Prineville leads the region with unprecedented economic momentum. Street-level retail is leased to Whiskey Darlin’ boutique, a 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 several long-term tenants contributing to strong, reliable cash flow. Not subject to Oregon's Residential Landlord and Tenant Act (ORS Chapter 90). The property has been substantially renovated over the past three years, enhancing both its 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. Owner-carry terms available.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,072 SF
Building Class
C
Year Built
1927
Price
$2,791,840 CAD
Price Per SF
$394.77 CAD
Cap Rate
6.74%
NOI
$188,170 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-1 - Central Commercial
Frontage
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 008586 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $255,631 CAD |
PROPERTY TAXES
Parcel Number
008586
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$255,631 CAD
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Main Street Bunkhouse & Downtown Retail | 395 N Main St
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