Listing ID220149231
Price$2,400,000
StatusActive
SqFt
7,072
Acres
0.080
CountyCrook
Year Built1924
Property TypeCommercial Sale
Historic Prineville! Completely restored stunning retail building and Main Street Bunkhouse! Two retail spaces fill the gorgeous windows on the first floor and 12 long term stay hotel rooms occupy the second floor. Redone from the inside out this stunning building is not only a great investment, it is a piece of history with room to grow. There is room to add more with a full unfinished basement, which would be an amazing place for a pub or restaurant.
County
Crook
Property Type
Commercial Sale
Subdivision
Monroe Hodges
Year Built
1924
Zoning
C1; Central Com
Basement
Unfinished
Cooling
Central Air
Flooring
Hardwood, Laminate
Heating
Electric, Forced Air, Natural Gas
Levels
Two
Unit 1: Square Footage
1758
Unit 2: Square Footage
1778
Unit 3: Square Footage
3536
Unit 3: Status
Leased
Construction Materials
Concrete
Flood
N/A
Foundation Details
Concrete Perimeter, Pillar/Post/Pier, Stone
Lot Features
Corner Lot, Level
Lot Size Square Feet
3485
New Construction
no
Number of Units Total
14
Parking
No
Parking Features
Asphalt, On Street
Roof
Membrane
Sewer
Public Sewer
Water Source
Public
Building Area Source
Assessor
View
City
Additional Features
ADA Comply, Bath Common Area, Common Area, Laundry Facility, Living Area in Building, Manager's Quarters
Backup Package Available
Yes
Business Type
Hospitality, Retail
Covenants, Conditions & Restrictions
no
Document Count
1
Documents on File
Profit and Loss Statement, Rental Agreement
Dual Listing
no
Foreign Investment in Real Property Tax Act
no
Power Production
Public Utilities
Preferred Escrow Company & Officer
Western Title - Yvonne Ward
Section
NE
Unit 1: Option to Extend
yes
Unit 1: Status
Leased
Unit 1: Unit Number
1
Unit 2: Option to Extend
yes
Unit 2: Status
Leased
Unit 2: Unit Number
2
Unit 3: Option to Extend
yes
Unit 3: Unit Number
Hotel
Urban Growth Boundary
Inside
Cap Rate Basis
Current
Cap Rate Percentage
6
Common Area Maintenance Annual
400
Common Area Maintenance Frequency
Monthly
Common Area Maintenance SqFt
3536
Confidentiality/Non-Disclosure Agreement
Yes
Estimated Gross Operating Income
174696
Estimated Total Expenses
25171.54
Existing Lease Type
Gross
Net Operating Income
149524.5
Special Listing Conditions
Standard
Tax Annual Amount
2655.71
Tax Block
8586
Tax Lot
5301
Tax Map Number
151606AA
Tax Year
2021
Tenant Pays
Common Area Maintenance
Unit 1: Monthly Rent
1758
Unit 1: Price Per SqFt
1
Unit 1: Rent Escalators
Yes
Unit 2: Monthly Rent
1500
Unit 2: Price Per SqFt
0.84
Unit 2: Rent Escalators
Yes
Unit 3: Monthly Rent
11300
Unit 3: Price Per SqFt
3.19
Unit 3: Rent Escalators
No
Contact - Listing ID 220149231
Mike Connell & Alpine Real Estate
2214 NE Division St.
Bend, OR 97701
Phone: 541-480-0120
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