395 N Main St
Landmark Main Street Bunkhouse and Downtown Retail
Marketing description
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
Investment highlights
7.27% cap rate on in-place income
Financials include management for a hands-off investment opportunity
Owner-carry terms available
Located in Oregon’s fastest growing county
Substantial renovated over the last three years
Unfinished basement offers upside for storage or future build-out
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