2116 Adams Ave - Hospitality FOR SALE


La Grande, OR 97850
$850,000 USD
541-523-7727
2116 Adams Ave, La Grande, OR for Sale
$850,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

2116 Adams Ave
La Grande, OR 97850


OVERVIEW

This property is located in the heart of downtown LaGrande Oregon on Highway 30. Exceptional investment property that features a 9-unit motel along with a residential home to be used as owner occupancy or on-site manager. The main residence has 2 bedrooms, 1 bath, with many upgrades to the kitchen. Five of the units are equipped with kitchenettes, allowing the guest to have the options of preparing meals. Eash of the 9 motel units range from 200 to 400 square feet in size. Currently 7 out of 9 units are generating a monthly income of $6265.with the remaining 2 units undergoing renovation. This motel is situated right across the street from Safeway and a short distance to restaurants and shopping, parks, Eastern Oregon University, and Grande Ronde Medical Center. Owner is selling due to health problems. Owners financing available to qualified buyer with large down payment.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$211 USD /SF

# OF ROOMS

10

PRICE/ROOM

$85,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cottage Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,788 SF

ZONING

LG-GC;GENE

APN/PARCEL ID

03S3808AC-1400-0-132

ASK ABOUT THIS PROPERTY

Michelle DollarSunfire Real EstateMore Info
541-523-7727

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Michelle DollarSunfire Real EstateMore Info
541-523-7727

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