Bought with Non Rmls Broker
$1,125,000
$1,125,000
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5,066 SqFt
SOLD DATE : 08/20/2021
Key Details
Sold Price $1,125,000
Property Type Commercial
Sub Type Hotel Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 5,066 sqft
Price per Sqft $222
MLS Listing ID 21378209
Sold Date 08/20/21
Year Built 1948
Annual Tax Amount $6,123
Tax Year 2020
Lot Size 1.080 Acres
Property Sub-Type Hotel Motel
Property Description
Well ESTABLISHED 9 unit MOTEL located in high traffic area on Highway 97 in La Pine. Family owned and run since 1968, owner is retiring. 2 units have long term tenants in place and there are separate living quarters for owner or manager to live. Along with the Motel is .54 of an acre that could be used to expand the number of units and increase the revenue. A rare opportunity for an investment in this small town community of very high traffic.
Location
State OR
County Deschutes
Area _320
Zoning Comm
Interior
Heating Other
Exterior
View Mountain
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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