About 121 3rd Street Ne
Prime downtown Prineville NNN investment opportunity! This 5,800 SF property, offered at $1,310,000 with a 7.15% 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.
Features of 121 3rd Street Ne
| MLS® # | 220207468 |
|---|---|
| Price | $1,310,000 |
| Acres | 0.33 |
| Year Built | 1972 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 121 3rd Street Ne |
|---|---|
| City | Prineville |
| County | Crook |
| State | OR |
| Zip Code | 97754 |
Amenities
| Parking | Asphalt |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Electric, Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Stories | One |
Exterior
| Exterior Features | Courtyard |
|---|---|
| Lot Description | Corner Lot, Level |
| Windows | Double Pane Windows |
| Roof | Asphalt |
| Construction | Block, Brick |
| Foundation | Slab |
Additional Information
| Date Listed | August 11th, 2025 |
|---|---|
| Zoning | C1 |
Listing Details
| Office | Green Tree Commercial Real Estate |
|---|