THIS PROPERTY IS NO LONGER AVAILABLE
Asking Price:
$780,000
Gross Room Revenue:
2005 - $221,000
2004 - $217,000
Occupancy Rate:
2005 - 54%
2004 - 53%
Financing:
cash
# of rooms:
30
# of floors:
2
Type of corridor:
exterior
Restaurant:
none
Lounge:
none
Pool:
none
NOI:
$125,065
Where property is located:
downtown
Name of city:
Population:
not given
Comments:
This motel is very proud to have the # 1 search engine
position for a search of "Oregon motels" on Yahoo and MSN. The
motel has a great location. The motel is also only 6 blocks from a
major highway with an excellent downtown location near shopping,
restaurant, and a hospital. The area is expected to grow rapidly in the
near future - the local hospital is planning to build a new hospital
soon. In March, a major company plans to transfer some of its
manufacturing jobs from its other plant to its plant in this area.
Work will soon start on the County Community Center - only a few blocks
from the motel. The Chamber of Commerce will be located in the new Center.
All of this community growth will undoubtedly mean increased business
for the motel.
Contact:
support
E-mail:
support@motelsforsale.net
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