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Lighthouse Cove Inn 460 Highway 101 22 Room Hotel Bandon, OR 97411 $2,620,000 ($119,091/Room) 9.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Walking distance to Old Town Bandon, Restaurants and Bars
- Well maintained property with fully renovated rooms including plumbing & electric
- Two managers units - One studio with kitchen and one 2b/2b apartment with kitchen
- Minutes to world class golf course Bandon Dunes
- Residence, has about 2,300sf. 3b/2.5b with a garage and back yard
EXECUTIVE SUMMARY
***Total Price Reduced By Over $630,000***
- Residence, about 2,300sf 3b/2.5b with garage and back yard, Total investment including the house $2,620,000.00.
- Prime location in the center of Bandon- Destination Oregon coast
- Minutes from world class Bandon Dunes Golf course and resort
- Minute to beaches
- 20 rooms + 2 managers apartments to be converted to rooms
- Fully upgraded internet and TV systems
- Fully renovated plumbing, electric in the last Five years
- Residence, about 2,300sf 3b/2.5b with garage and back yard, Total investment including the house $2,620,000.00.
- Prime location in the center of Bandon- Destination Oregon coast
- Minutes from world class Bandon Dunes Golf course and resort
- Minute to beaches
- 20 rooms + 2 managers apartments to be converted to rooms
- Fully upgraded internet and TV systems
- Fully renovated plumbing, electric in the last Five years
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
| Price | $2,620,000 | Lot Size | 0.94 AC |
| Price Per Room | $119,091 | Building Size | 16,341 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Cap Rate | 9.70% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2019 |
| Property Subtype | Hotel | Parking Ratio | 2.12/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C-2 | ||
| Price | $2,620,000 |
| Price Per Room | $119,091 |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 16,341 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2019 |
| Parking Ratio | 2.12/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
AMENITIES
- Balcony
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 22 | $188.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 1003140800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,397,010 |
PROPERTY TAXES
Parcel Number
1003140800
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,397,010
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Lighthouse Cove Inn | 460 Highway 101
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