16 key Motel with 10.23% Cap near Casinos, Dunes and the Coast

North Bend, OR (Coos County)

Seller Financing Available
16 key Motel with 10.23% Cap near Casinos, Dunes and the Coast
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Asking Price: $650,000

Cash Flow: $60,246

Gross Revenue: $139,743

EBITDA: N/A

FF&E: $35,000

Inventory: N/A

Real Estate: $650,000

Established: N/A

16 key Motel with 10.23% Cap near Casinos, Dunes and the Coast

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Business Description

Seller financing Available

Seller financing Available. This 16 key property is comfortable and cozy with well furnished rooms and various amenities. The property boasts a 10.23% cap with absentee Owner!

Rooms come standard with Queen Size beds, microwaves, and refrigerators. Also included at no charge are local phone calls, TV with 70+ channels including HBO, and wireless internet service. The property also has a coin-op Laundromat and free morning coffee.

The Parkside Motel is a quaint home away from home serving North Bend and Coos Bay, Oregon. Just minutes away from shopping, casinos, dunes and the beautiful Oregon Coast, the Parkside Motel is the perfect place to stay for the budget-minded traveler.

Nearby visitor attractions include The Mill Casino, Boutique Shopping, Sand pines Golf Resort, Oregon Dunes Recreation Area, Siuslaw River, Ocean Beaches, Cape Perpetua, Sea Lion Caves, Fishing, Boating, and Storm Watching

Building size is approximate and all information is obtained from sources deemed reliable by subject to buyer verification. All property tours must be arranged through broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Detailed Information

Location:
North Bend, OR
Real Estate:
Owned
Included in asking price
Building SF:
20,000
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
16 door motel with 3 bedroom owners quarters is approx. 20,000 sq ft on a 16,117 sq ft lot with highway 101 frontage. Motel was remodeled in 2013, and new furniture purchased in 2017-18.
Competition:
Located in the heart of North Bend, nearby visitor attractions include The Mill Casino, Boutique Shopping, Sand pines Golf Resort, Oregon Dunes Recreation Area, Siuslaw River, Ocean Beaches, Cape Perpetua, Sea Lion Caves, Fishing, Boating, and Storm Watching
Growth & Expansion:
This property is currently owned by an absentee owner, although would be a great fit for owner operator with the 3 bedroom owners quarters. Opportunities still exist to franchise and increase occupancy.
Support & Training:
Seller provided Support and Training if needed.
Business Website:
http://www.parkside-motel.com/
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Scott Osmon

Business Listed By:
Scott Osmon

All Professionals Real Estate

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