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Main Street Bunkhouse & Downtown Retail 395 N Main St 7,072 SF 100% Leased Retail Building Prineville, OR 97754 $1,800,000 ($254.52/SF) 7.27% Cap Rate
Investment Highlights
- 7.27% cap rate on in-place income
- Rent Upside: Rent increase in 5 of 12 rooms March 1, 2026. Remaining rates increased by June 1 2026.
- Financials include management for hands-off investor
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 is experiencing unprecedented economic momentum.
Street-level retail is leased to Whiskey Darlin’ boutique (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 rising rents, several long-term tenants, and continued upside contributing to strong, reliable cash flow.
The property has been substantially renovated over the past three years, enhancing both 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. Financials include management for a hands-off investment opportunity. Owner-carry terms available
Street-level retail is leased to Whiskey Darlin’ boutique (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 rising rents, several long-term tenants, and continued upside contributing to strong, reliable cash flow.
The property has been substantially renovated over the past three years, enhancing both 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. Financials include management for a hands-off investment opportunity. 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
$1,800,000
Price Per SF
$254.52
Cap Rate
7.27%
NOI
$130,860
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 |
| Land Assessment | $0 | Total Assessment | $182,250 |
Property Taxes
Parcel Number
008586
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$182,250
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Main Street Bunkhouse & Downtown Retail | 395 N Main St
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