1593 US 101 Hwy - Hospitality FOR SALE


Reedsport, OR 97467
$1,900,000 USD
360-718-8787
1593 US 101 Hwy, Reedsport, OR for Sale
$1,900,000 USD
Hospitality - FOR SALE
1/16
null | 8.7% Cap Rate

1593 US 101 Hwy
Reedsport, OR 97467


HIGHLIGHTS

  • Clean and Remodeled - Located Right on Hwy 101 - Pride of Ownership - Family Owned

OVERVIEW

41 room motel that is family owned and shows prided of ownership in all aspects. Sellers have upgraded and remodeled the rooms to maximize affordable rooms that are in very nice condition. Reedsport is a major tourist attraction with the most popular sand dunes recreation area on the entire Oregon Coast, crabbing, fishing, hunting and enjoying the beautiful Oregon Coast. Motel is located right on Hwy 101 with a very high traffic count. The property has availability for truck parking in the rear of the motel, which adds to the potential customer base. Sellers are only selling due to some health issues that require a change in their lives.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$114 USD /SF

# OF ROOMS

41

PRICE/ROOM

$46,341 {currency}

CAP RATE

8.7%

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

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

Lyle StrattonVenture Commercial Real EstateMore Info
360-718-8787

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