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Budget Inn Motel 109480 Highway 97 N 20 Room Hotel Chemult, OR 97731 $680,000 ($34,000/Room)
INVESTMENT HIGHLIGHTS
- Two motel buildings with 20 rooms equipped with microwaves and mini-fridges
- One house with four beds, full bathroom, and kitchen
- 14 bathrooms renovated and new flooring in the cabin
- One office building with an attached residence
- High visibility and traffic counts of 5,418 AADT on Highway 97
- Approximately 30 miles from Crater Lake National Park
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $680,000 | Building Size | 6,106 SF |
| Price Per Room | $34,000 | No. Rooms | 20 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1973 |
| Property Subtype | Hotel | Parking Ratio | 3.44/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.73 AC | ||
| Zoning | CT & R5 - CT-Transportation Commercial R5-Rural Residential | ||
| Price | $680,000 |
| Price Per Room | $34,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 6,106 SF |
| No. Rooms | 20 |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 3.44/1,000 SF |
| Corridor | Interior |
| Zoning | CT & R5 - CT-Transportation Commercial R5-Rural Residential |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 20 | $52.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | R168525 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $389,560 |
PROPERTY TAXES
Parcel Number
R168525
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$389,560
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Budget Inn Motel | 109480 Highway 97 N
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