Listed by RCI Real Estate Services LLC
$499,000
Chemult Motel
Details
APN 733861
Property Type Hospitality, Multifamily
Sub Type Motel
Square Footage 6,138
Units 16
Price per SqFt $90
Broker Co-Op Yes
Year Built 1948
Year Renovated 2023
Stories 1
Acreage 1.380
Zoning CT
Parking Spaces 25 spaces
Parking Per SqFt 4.07
Investment Type Owner/User
Operating motel on major Hwy, close to Crater Lake National Park and winter recreation
Marketing description
Operating 16 unit motel with managers house on site in the thriving communitty of Chemult, OR with new brew pub, travel center/truck stop two doors down and the Amtrack station. On site managers in place. Adjoining property with a home available for additional truck parking. Includes all furniture, fixtures and equipment on site to operate motel. Motel has year round nightly clientele and long stay in the fall with seasonal businesses. Manager takes care of all day to day operations. Seller financing is available. Call for additional information.
Investment highlights
Operating 16 units as a motel now. Could be converted to long term rental studios for a very good return.
Listing Contacts
Listed by RCI Real Estate Services LLC
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