1593 US 101 Hwy - Hospitality FOR SALE


Reedsport, OR 97467
$2,100,000 USD
360-718-8787
1593 US 101 Hwy, Reedsport, OR for Sale
$2,100,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

1593 US 101 Hwy
Reedsport, OR 97467


OVERVIEW

Investment Potential Awaits You on the Oregon Coast! This 41-room motel has on-site managers and an assistant manager in a two-bedroom unit. The building's exterior and interior have been entirely repainted, and the landscape has been significantly upgraded. Ongoing upgrades and changes to the mattresses and TV are also being made. The motel features two laundry areas and several storage spaces. There is ample parking space and space for semi-trucks and oversized vehicles in the back. It's easily accessible off and on the highway. Reedsport is the center for several activities on the coast, where fishing and boating are year-round sports. The town also hosts several events, including chainsaw carving shows, The Dune Fest in July, Kool Coastal Nights, UTV Takeover, etc. The coast here is the best for playing in the Dunes. The motel also has long-standing commercial workers who stay while working in the area. The owners have invested a lot of time and money since purchasing, but due to unforeseen medical issues, they are forced to let another family enjoy the business. Don't miss out. There are few places on the Oregon Coast in this excellent condition and location. Arrange for a showing today!

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$126 USD /SF

# OF ROOMS

41

PRICE/ROOM

$51,220 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C-2 Commercial

APN/PARCEL ID

R10155,R122612

ASK ABOUT THIS PROPERTY

Lyle StrattonVenture Commercial Real EstateMore Info
360-718-8787

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Lyle StrattonVenture Commercial Real EstateMore Info
360-718-8787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.