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

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Seller financing Available
Asking Price:
$650,000

Gross Revenue:
$139,743
Cash Flow:
$60,246
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$35,000
included in asking price

Real Estate:
$650,000
included in asking price

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Business Description

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!

About the Business

Location:
North Bend, Oregon
Number of Employees:
1
Real Estate:
Owned
Building Sq. Ft.:
20,000
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.
Website:
www.parkside-motel.com/
Market Outlook/
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.
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About the Sale

Training/Support:
Seller provided Support and Training if needed.

Listing Info

ID:
1642157
Ad Detail Views:
0


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Business Listed by

Scott Osmon

All Professionals Real Estate
License# 200604375

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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.