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Turnkey Restaurant in La Pine 52574 Highway 97 2,724 SF Retail Building La Pine, OR 97739 $1,495,000 ($548.83/SF)
INVESTMENT HIGHLIGHTS
- Turnkey Setup: Fully equipped restaurant ready for immediate operation
- Highway Visibility: Frontage on U.S. 97 with exposure to 15,025 vehicles daily (2023)
- Fully Built Kitchen: Includes pizza oven, hood, grease trap, and walk-in cooler
- Business Included: Option to acquire Ponderosa Pizza name, recipes, and training
- Established Brand: Serving La Pine since 1980 with a loyal customer base and 4-star Google rating
- Growth Market: Located in a steadily expanding Central Oregon community
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,724 SF
Building Class
C
Year Built
1980
Price
$1,495,000
Price Per SF
$548.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Zoning
CMX - Mixed Use Commercial (CMX)
Parking
23 Spaces (8.44 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Ponderosa Pizza Parlor
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Ponderosa Pizza Parlor | Accommodation and Food Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 160294 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $423,790 |
PROPERTY TAXES
Parcel Number
160294
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$423,790
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Turnkey Restaurant in La Pine | 52574 Highway 97
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