787 N Central Blvd | Coquille, OR 97423
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- LoopNet Team
787 N Central Blvd
Coquille, OR 97423
Myrtle Lane Motel · Hospitality Property For Sale
·
13,000 SF
INVESTMENT HIGHLIGHTS
- 26-Room, Independent Hotel – Received City Approval for a 6-Room Extension on North Side of Property
- Surrounded by Several Restaurants, Retailers, and Within Walking Distance of Coquille Valley Hospital; 20 Minutes from Beach at Bandon & Coos Bay
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
- Recent Replacements of Furniture and Laundry Equipment
- YE 2022 Room Revenues Exceeded $412 Thousand while Maintaining a NOI Over $176 Thousand
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1947 |
| Building Class | C | Parking Ratio | 1.1/1,000 SF |
| Lot Size | 1.19 AC | Corridor | Exterior |
| Building Size | 13,000 SF | ||
| Zoning | C-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 13,000 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 1.1/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
PROPERTY TAXES
| Parcel Number | 1000741601 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $747,880 |
PROPERTY TAXES
Parcel Number
1000741601
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$747,880
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