19821 Highway 58 - Hospitality FOR SALE


Crescent Lake, OR 97733
$2,500,000 USD
541-350-8900
19821 Highway 58, Crescent Lake, OR for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/62
null | Request Cap Rate

19821 Highway 58
Crescent Lake, OR 97733


HIGHLIGHTS

  • Scenic Haven: Nestled in the High Cascades, near lakes, trails, and more
  • Adventure Gateway: Year-round activities including hiking, fishing, skiing & boating
  • Cozy Retreat: Spacious rooms with wood-burning fireplaces
  • Rave Reviews: Boasts an impressive 4.6-star rating on Google
  • Accommodations: Lodging options include 10 chalets and 13 rooms at the Inn
  • Additional Revenue: Potential to develop more chalets to increase income

OVERVIEW

PRICE REDUCED! Nestled amidst the Cascade Mountains, the Willamette Pass Inn is a boutique hotel located in Crescent along Highway 58, a major mountain highway bridging Eugene to Highway 97. Spanning 12.27 acres (534,481 SF) across two parcels, the property is one of only a few resorts in Oregon that are not on leased forest service land. The property boasts a 13-room two-story building, 10 individual mobile chalets, two mobile homes, and one storage flex building all surrounded by captivating landscapes. There is an EV charging station on the property that adds an additional revenue stream of $500 per month effective approximately December 1, 2023. The inn, built in 1984, offers a lobby and reception area, back-of-house area, storage rooms and utility room. All of the guest rooms have exterior entrances, a kitchenette, a restroom and a wall heater. There are 10 chalets, four of which are resort owned and would transfer with the sale. Of the six leased chalets, four participate in the rental pool for the hotel, and two of them do not. The leased chalets are on a 99-year space lease to other lessees who occupy the properties at their leisure. The chalets were constructed sometime between 2005-2007. Of the two mobile homes, one is leased to an employee and the other is leased to a tenant. The flex building has a total of four storage units and one small office. Two of the storage units are leased but the office is owner-occupied. The property has 10 RV sites equipped with full hookups, electricity, water, and septic connections. With its rich history, diverse accommodations, and extensive property offerings, the Willamette Pass Inn stands as an embodiment of hospitality in the heart of Oregon’s wilderness. The property’s furnishings, fixtures, and equipment are part of the sale, ensuring a seamless transition for the discerning buyer who recognizes the potential within this unique mountain retreat.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$141 USD /SF

# OF ROOMS

23

PRICE/ROOM

$108,696 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willamette Pass Inn & Chalets

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

35

LAND DETAILS

LAND ACRES

11.57 AC

LAND SF

503,789 SF

ZONING

RCR-C

APN/PARCEL ID

M893043

ASK ABOUT THIS PROPERTY

Pat KesgardCompass Commercial Real Estate ServicesMore Info
541-350-8900

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Pat KesgardCompass Commercial Real Estate ServicesMore Info
541-350-8900

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