229 Main St Prineville, OR 97754
- Commercial real estate
- 1,760 SF
- 0.04 lot acres
Current Use by Public Records
- Dad's Place / Breakfast Restaurant / Lunch Restaurant
Property Details for 229 Main St
- Year built
- 1912
- Lot size
- 0.04 lot acres
- Property size
- 1,760 SF
- Zone code
- C1; CENTRAL COMMERCIAL
- Property type
- Commercial real estate
- APN
- 151606AA05100
- APU
- 151606AA05100
Description
This exceptional 1,780 square foot commercial property, located at 229 N Main Street in the heart of Prineville, Oregon, presents a unique investment opportunity. Built in 1912, this iconic building boasts a rich history and has served as a thriving restaurant for over three decades. Known locally as "Dad's Place," the established business offers a proven track record and loyal customer base. The sale includes all existing kitchen equipment, ensuring a smooth transition for the new owner. The fully equipped kitchen is ready to continue producing the high-quality meals that have made this diner a local favorite for years. Beyond the main dining area, a recently added lottery room provides an additional revenue stream. The property sits on a 0.04-acre lot, offering ample space for outdoor seating or potential expansion. Priced at $569,995, this turn-key operation presents a rare chance to acquire a well-established business in a desirable downtown location. The property's history, combined with its current success and potential for future growth, makes it an attractive investment for both seasoned restaurateurs and new entrepreneurs. The opportunity to continue a beloved Prineville tradition or to create a new culinary experience within this historic building is readily available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $485,000
- 6.5%
- $420,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $490,000
- Geo Method
- $450,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $525,000
- Mixed-Use
- $545,000
- Hospitality
- $480,000
- Educational
- $520,000
- Residential Income
- $520,000
- Energy
- $470,000
- Income-Based Land
- $450,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Prineville
- County
- Crook
- State
- Oregon
- Longitude
- -120.847
- Latitude
- 44.3024
- CBSA code
- 39260
- CBSA name
- PRINEVILLE, OR MICROPOLITAN STATISTICAL AREA