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Browse More Listings in Hotel & Motel For Sale, Eugene, OR or Oregon

Hotel / Motel - Off Market

Broadway Inn

476 E. Broadway, Eugene, OR 97401

Price:
N/A
No. Rooms:
49
Building Size:
16,698 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
6.70%
Average Daily Rate:
$60
Average Occupancy:
56%
Lot Size:
1.04 AC

Last Verified 8/19/2009 Listing ID 16293026

Description

Low rise motel on huge lot in Downtown Eugene. 3 buildings (aprox. 16,998 sq.ft.) 49 rooms (operating with 47), built in stages starting in the late 40's. Previous owners have upgraded electric, windows, AC's, doors etc. Current owner has replaced locks, beds, drapes, carpets, refrigerators, microwaves, TVs, most furniture, plumbing (all copper, new htrs), laundry (new equipment) and pool equipment.

Set on a large 1.04 acre lot (aprox. 45,251 sq.ft) zoned C2-SR Community Commercial with Site Review which allows for 120 foot height. Property is 2 blocks east of Downtown Eugene, across from the new Wayne Morse Federal Court House and 8 blocks from the University of Oregon, on the highly visible and busy curve where Coburg Street and Broadway meet. The property has huge long term development possibilities which include a hotel (located between the Eugene Hilton/convention center and the Phoenix Inn), student housing, apartments or condos. Residential development may qualify for a 10 year property tax exemption as part of the Downtown Urban Renewal Plan.

Map of 476 E. Broadway, Eugene, OR 97401 (Lane County)

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Created 6/24/2009

Additional Information for 476 E Broadway, Eugene, OR 97401

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Broadway Inn

476 E. Broadway, Eugene, OR, 97401