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Myrtle Lane Motel 787 N Central Blvd 27 Room Hotel Coquille, OR 97423 $1,395,000 ($51,667/Room) 12.54% Cap Rate
Investment Highlights
- Well-maintained 26-room motel with upgraded interiors and furniture throughout.
- Recent enhancements feature natural gas connection, updated flooring, and granite countertops.
- Reservation and management software plus security system included in the sale.
- Includes an on-site manager’s 3-bedroom, 2-bath apartment for convenient operations.
- Themed guest rooms such as patriotic, wildlife, and forest create a unique guest experience.
- High-visibility location on Central Blvd with large reader board sign providing additional income potential.
Executive Summary
Small-Town-Charm reflected in this well-managed 26 guest room MOTEL with an office/manager's 3 bedroom/2 bath apartment. Established local business with GREAT rental history. Many upgrades include flooring, natural gas connection and theme designed rooms (patriotic, wildlife, forest, flowers, ferns, fish, Sasquatch and more). Furniture updates with several rooms having a lovely chest hide-away extra bed and many with new granite countertops. New reservation/management software included with sale and security system. Large reader board sign offers value to the community and extra income. This is definitely an opportunity worth considering! Call your agent today for more details.
Property Facts
| Price | $1,395,000 | Lot Size | 1.19 AC |
| Price Per Room | $51,667 | Building Size | 13,000 SF |
| Sale Type | Investment | No. Rooms | 27 |
| Cap Rate | 12.54% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1947 |
| Property Subtype | Hotel | Parking Ratio | 1.1/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C-2 | ||
| Price | $1,395,000 |
| Price Per Room | $51,667 |
| Sale Type | Investment |
| Cap Rate | 12.54% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 13,000 SF |
| No. Rooms | 27 |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 1.1/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $52.00 | - |
| Guest Room | 25 | $42.00 | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
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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Myrtle Lane Motel | 787 N Central Blvd