51385 Hwy 97, La Pine, OR 97739 (MLS# 220112840)


$1,125,000
51385 Hwy 97
La Pine, OR 97739
MLS# 220112840
5066 sqft


51385 Hwy 97, La Pine, OR 97739
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51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739 51385 Hwy 97, La Pine, OR 97739

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.

Details
Maps
Location, Tax, and Legal
Street Number: 51385
Street Name: Hwy 97
County: Deschutes
State: OR
Postal Code: 97739
Cross Street: 6th Street
Section: Not Applicable
Subdivision Name: CLAL
Parcel Number: 115195
Tax Map Number: 221015DA00701
Lot Size Acres: 1.62
Lot Size Square Feet: 70567
Additional Parcels YN: Yes
Additional Parcels Description: 1.08 - 221015DA00701 .54 - 221015DA00800
Contract Information
Original List Price: 1125000
Current Price: $1,125,000
Status: Active
List Price: $1,125,000
Listing Contract Date: 2020-11-20
Dual Listing YN: No
General Property Information
Building Area Total: 5066
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 9
Year Built: 1948
New Construction YN: No
Zoning: Commercial
Tax Annual Amount: 6123.62
Tax Year: 2020
Potential Tax Liability YN: No
Assessment YN: No
CC&R's YN: No
FIRPTA YN: No
Sign On Property YN: Yes
Remarks and Miscellaneous
Public Remarks: 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.
Directions: Hwy 97 south.
Status Change Information
Status Change Timestamp: 2020-11-20
Currently Not Used
List Price per Acre: 694444.44
Inclusions/Exclusions
Inclusions: All motel furnishings, linens and fixtures
Exclusions: Personal property
Business Details
Business Included?: Yes
Business is a Franchise: No
Business Name: Westview Motel
Inventory List Attached: No
Seller to Provide Training: Yes
Year Business Established: 1968
Years Business Owned by Current Owner: 23
Miscellaneous Information
Confidentiality/Non-Disclosure Agreement: Yes
Parking Details
Parking: Yes
# of Parking Spaces: 17
# of Other Parking: 7
Property Features
Additional Features: Common Area; Kitchen; Living Area in Building; Manager's Quarters; Office Space
Basement: None
Common Walls: 2+ Common Walls
Construction Materials: Concrete; Frame
Cooling: Wall/Window Unit(s)
Flooring: Carpet; Vinyl
Foundation Details: Concrete Perimeter
Heating: Electric
Interior Features: Laminate Counters
Levels: Two
Roof: Composition
Security Features: Smoke Detector(s)
Window Features: Aluminum Frames; Vinyl Frames
Business Type (AKA Sub Type): Hospitality
Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Insurance; Interior Maintenance; Janitorial Service; Repairs; Sewer; Taxes; Water
Easements: Utilities
Flood: N/A
Lot Features: Landscaped
Other Structures: Shed(s)
Parking Features: Asphalt; Gravel; No Garage; RV Access/Parking
Road Surface Type: Paved
Special Assessments: None
Power Production: Co-Op
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash; Contract; Conventional; Owner Will Carry
Special Listing Conditions: Standard
Supplements
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Listing Office: Coldwell Banker Bain

Last Updated: November - 28 - 2020

Information deemed reliable but not guaranteed.

Saturday 28th of November 2020 05:38 PM