1565 NE 3rd St - Retail FOR SALE


Prineville, OR 97754
$1,155,000 USD
541-639-2566
1565 NE 3rd St, Prineville, OR for Sale
$1,155,000 USD
Retail - FOR SALE
1/29
null | 6.26% Cap Rate

1565 NE 3rd St
Prineville, OR 97754


HIGHLIGHTS

  • Excellent NE Third St (Hwy 126) frontage with high traffic counts
  • Pad site at Ochoco Plaza anchored by Rite Aid, Ace Hardware and Ray's Food Place

OVERVIEW

Net-leased retail occupied by Verizon and US Cellular Authorized Retailers. Traffic counts of nearly 10,000 cars daily. Professionally managed. A well-maintained property with only two previous owners. Leases expire in 2026 and 2027 allowing for renegotiation of terms for these longtime tenants. Flexible zoning allows for a wide variety of future tenants in this rapidly growing market. Located on the northwest corner of NE Third St (Hwy 126) and SE Combs Flat Rd. Prineville’s longest-standing shopping center with anchor tenants: Ray’s Food Place, Ace Hardware, Rite Aid, Arby’s and the DMV. Prineville is named one of the top ten most economically diverse small towns in the nation.

FOR SALE DETAILS

PRICE

$1,155,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net-Leased Investment Pad Site - Ochoco Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,237 SF

ZONING

C2

APN/PARCEL ID

013588

ASK ABOUT THIS PROPERTY

Jennifer LimogesNAI CascadeMore Info
541-639-2566

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Jennifer LimogesNAI CascadeMore Info
541-639-2566

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