$ 2,300,000
1593 HIGHWAY 101 Reedsport, OR 97467
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Listed by Blue Wave Real Estate
$ 2,300,000
Est. payment | /mo
22,651 SqFt
$ 2,300,000
Est. payment | /mo
22,651 SqFt
Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Active
Purchase Type For Sale
Square Footage 22,651 sqft
Price per Sqft $101
MLS Listing ID 24041719
Year Built 1965
Annual Tax Amount $17,875
Tax Year 2023
Lot Size 0.520 Acres
Property Description
Investment Potential Awaits You on the Oregon Coast! This 41-room motel has on-site managers and an assistant manager in a two-bedroom unit. The building's exterior and interior have been entirely repainted, and the landscape has been significantly upgraded. Ongoing upgrades and changes to the mattresses and TV are also being made. The motel features two laundry areas and several storage spaces. There is ample parking, including space for semi-trucks and oversized vehicles in the back. It's easily accessible off and on the highway. Situated in the heart of Oregon's Sand-Dunes region, Reedsport is a coastal city. It boasts breathtaking natural beauty, with the picturesque Umpqua River winding through its landscape and nearby national forests offering endless opportunities for outdoor recreation that includes boating and kayaking, fishing, crabbing, shellfish collection, ATV Dune rides, access to Long sandy beaches, lakes, parks, spectacular elk-viewing, etc. Beyond its stunning Surroundings, the city fosters a tight-knit community atmosphere where neighbors are more like Extended family, supporting one another through life's ups and downs. This sense of belonging creates a warm and welcoming environment, looking to live in a Safe and nurturing Community. Despite its small size, Reedsport surprises with its amenities, including locally-owned shops, charming eateries serving delicious cuisine, and a Vibrant arts and culture scene. Moreover, the city's affordable cost of living and low crime rate Make it an attractive option for individuals seeking to escape the hustle and bustle of city life Without sacrificing quality of life. Whether you're drawn to the tranquility of nature, the sense of Community, or the opportunity for a better way of life, Reedsport, Oregon, offers an ideal setting to put down roots and thrive. Reedsport is the center for several activities on the coast, where fishing and boating are year-round.
Location
State OR
County Douglas
Area _265
Zoning Cmsc
Interior
Heating Baseboard
Cooling None
Equipment Fixtures, Furniture, SecuritySystem, SmokeDetector
Exterior
View City, Seasonal, Trees Woods
Roof Type Composition
Parking Type Off Street, On Site
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Mitch Foteff
Partner | Lic# LIC# 201106062