52574 US-97, La Pine, OR 97739 For Sale

PRICE REDUCTION!! NOW $1,295,000

Located directly on U.S. Highway 97, this 2,724 SF freestanding restaurant offers exceptional visibility and exposure to more than 15,025 vehicles per day (2023). The property sits on 0.74 acres with generous on-site parking and flexible CMX zoning, allowing a range of commercial and retail uses. Positioned along La Pine’s main commercial corridor, the site draws both local customers and travelers moving between Bend and Klamath Falls, making it ideal for a new restaurant, brewery, or continued pizza concept.

A buyer can acquire both the real estate and the well-established Ponderosa Pizza business, including equipment, recipes, and training for a seamless transition. The kitchen features a pizza oven with hood, grease trap, walk-in cooler, prep areas, and all essential restaurant equipment. Some items are leased, and a full inventory will be provided during due diligence.

The building also includes a dedicated game room with a revenue-sharing agreement through Central Oregon Amusement Co., creating an additional source of income. With strong highway visibility, decades of local recognition, and established infrastructure, this property represents a rare opportunity for an owner-operator or investor to take over a proven location in the heart of Central Oregon’s growing La Pine community.