394 NE Belknap St - Retail FOR SALE


Prineville, OR 97754
$1,628,000 USD
541-279-1062
394 NE Belknap St, Prineville, OR for Sale
$1,628,000 USD
Retail - FOR SALE
1/12
null | 6.5% Cap Rate

394 NE Belknap St
Prineville, OR 97754


HIGHLIGHTS

  • Located in charming downtown Prineville, Oregon
  • Large building with new updates
  • Outside space for growth

OVERVIEW

Prime Downtown Commercial Investment – Heart of Prineville, Oregon This iconic 8,740 sq ft multi-tenant commercial building sits on 0.31 acres (13,440 sq ft lot) in the thriving heart of downtown Prineville. Zoned C-1 and steps from Main Street, this property offers excellent visibility, foot traffic, and easy access across from the fire station and community park. Built in 1945 and proudly owned by a longtime Prineville family before us, the building served as a beloved local butcher shop for decades. In 2022, following a fire, we fully rebuilt 2,000 sq ft of the largest unit from the ground up and completely updated the electrical system in the 4,000 sq ft unit with 3-phase power. Recent improvements also include a new roof, ADA bathroom updates, new insulation, and professional HVAC cleaning/maintenance throughout. Owner financing available with agreeable terms. Property Features: Three separate tenant units: storage/retail, front retail/studio space, and office space Large shop door, high ceilings, street signage, and a paved alleyway for additional outdoor use or expansion HVAC throughout, city water & septic, high-capacity internet Ample parking and strong curb appeal in a flourishing downtown Fully leased with stable, happy tenants on current 5-year renewable leases at market rates. This turn-key income-producing property has been 100% occupied since we purchased it in 2022. Annual property taxes are $10,421.20. Priced at $1,628,000 with flexible owner-carry financing available on agreeable terms. Motivated seller — flexible closing. Serious inquiries only with proof of qualifications. No showings without pre-qualification to respect our excellent tenants. Buyer’s realtor fees are open for discussion. Attorney and Western Title in Prineville ready to handle smooth closing. This is more than a building — it’s a piece of Prineville’s hardworking American spirit with tremendous upside in a town that celebrates its ranching roots, rodeos, fairs, and small business owners. Contact owner Candace Frantz directly: frantzcr@gmail.com 541-279-1062

FOR SALE DETAILS

PRICE

$1,628,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Property in the Heart of Downtown

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Food Processing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C1

APN/PARCEL ID

008271

ASK ABOUT THIS PROPERTY

Candace FrantzFrantz PropertyMore Info
541-279-1062

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Candace FrantzFrantz PropertyMore Info
541-279-1062

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