320 N Main St - Storefront Retail/Office FOR SALE


Prineville, OR 97754
$1,400,000 USD
541-480-7307
320 N Main St, Prineville, OR for Sale
$1,400,000 USD
Storefront Retail/Office - FOR SALE
1/31
null | Request Cap Rate

320 N Main St
Prineville, OR 97754


HIGHLIGHTS

  • Highly desirable downtown location in the heart of shopping and dining
  • Adaptable Layout: re-configure or create new suites with adaptable floorplan
  • Adjacent to city parking lot: 23 on-site parking spaces plus additional street parking
  • High speed internet, security system, on-site trash collection for businesses

OVERVIEW

This is an exciting opportunity to own a mixed-use commercial asset in historic downtown Prineville. The property is located on Main Street in a high traffic area with strong occupancy rates. The property also sits adjacent to one of the only public parking lots in downtown Prineville. This property offers strong cash flow potential with an 8.0% pro forma cap rate ($106/SF). All leases are NNN. 320 N Main St presents an excellent opportunity to acquire immediate cash flow with longer term growth potential. Originally built in 1938, 320 N Main St has been renovated over the last three years. Improvements include a full cosmetic remodel of the second story in 2022, individual office room build outs in 2023, and a brand new TPO roof in 2024. Listing Broker has an ownership interest in the property; Contact Listing Broker for financial information and rent roll.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8.0% Pro Forma Cap Rate @ Downtown Prineville

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C1

APN/PARCEL ID

008237,008238

ASK ABOUT THIS PROPERTY

Eric BerlinBerlin Commercial Advisors LLCMore Info
541-480-7307

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Eric BerlinBerlin Commercial Advisors LLCMore Info
541-480-7307

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.