109480 Highway 97 N - Hospitality FOR SALE


Chemult, OR 97731
$750,000 USD
541-848-4076
109480 Highway 97 N, Chemult, OR for Sale
$750,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

109480 Highway 97 N
Chemult, OR 97731


HIGHLIGHTS

  • Two motel buildings with 20 rooms equipped with microwaves and mini-fridges
  • One office building with an attached residence
  • One house with four beds, full bathroom, and kitchen
  • High visibility and traffic counts of 5,418 AADT on Highway 97
  • Strategic location near ATV, snowmobile, and hiking trails
  • Approximately 30 miles from Crater Lake National Park

OVERVIEW

The Budget Inn Motel encompasses three tax lots spanning 1.73 acres, including 1.04 acres zoned CT- Transportation Commercial and 0.69 acres zoned R-5 – Rural Residential. The property is comprised of two motel buildings accommodating 20 rooms with microwaves and mini-fridges, one office building that includes an attached residence, and one house featuring four beds, a full bathroom, and a kitchen. Strategically situated near ATV, snowmobile, and hiking trails, it's a sought-after destination for adventure seekers. Located just 30 miles from Crater Lake National Park, the motel benefits from high visibility along Highway 97, complemented by prominent signage. This versatile property offers diverse zoning options and a prime location, making it an appealing owner user or investment opportunity for those in the hospitality or tourism sector, boasting a unique blend of commercial potential and proximity to natural attractions. Seller Financing is available with a 50% down payment.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$123 USD /SF

# OF ROOMS

20

PRICE/ROOM

$37,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Inn Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

CT & R5

APN/PARCEL ID

R168525

ASK ABOUT THIS PROPERTY

Dan KempCompass Commercial Real Estate ServicesMore Info
541-848-4076

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Dan KempCompass Commercial Real Estate ServicesMore Info
541-848-4076

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