227 Garibaldi Ave
Garibaldi, OR 97118
Econo Lodge · Hospitality Property For Sale
·
11,210 SF
PROPERTY FACTS
AMENITIES
- On-Site Retail
ABOUT 227 GARIBALDI AVE , GARIBALDI, OR 97118
The Garibaldi Oregon Econo Lodge is conveniently located off US 101 on Oregon's scenic coast just an hour and a half from Portland and is one of the only franchised properties in the area. The Econo Lodge was recently renovated and has a completed PIP for a new owner to take over. Revenue is trending up over the past three years and this has phenomenal NOI of over $188,525. Demand generators are leisure, including fishing and clamming. This is the perfect property for an owner/operator with generous manager's quarters and a great cash on cash return. In cooperation with West Coast Investment (OR Lic 850200042)
PROPERTY TAXES
| Parcel Number | R0011427 | Improvements Assessment | $492,300 |
| Land Assessment | $185,000 | Total Assessment | $677,300 |
