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    787 Central Blvd Coquille, OR 97423

    Sponsored
    For Sale
    $1,495,000

    Established 26-room motel with manager's apartment.

    Property size:
    10,542 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a well-maintained 26-guest room motel situated on a 1.26-acre lot in the charming town of Coquille, Oregon. The property boasts a substantial 10,542 square feet of space, including a spacious three-bedroom, two-bathroom apartment ideal for an on-site manager or owner. This established business enjoys a strong rental history, demonstrating consistent profitability. Recent upgrades significantly enhance the property's appeal and functionality. These improvements include updated flooring throughout, a new natural gas connection, and thematically designed guest rooms featuring a variety of captivating themes such as patriotic, wildlife, forest, floral, and even Sasquatch! Many rooms feature upgraded furniture, including attractive chest hide-away extra beds and new granite countertops. The sale includes new reservation and management software, streamlining operations and enhancing efficiency. A comprehensive security system is also in place, ensuring the safety and security of guests and property. A large reader board sign provides excellent visibility and generates additional income streams. Priced at $1,495,000, this turnkey operation offers a compelling return on investment and a unique opportunity to own a thriving small-town business with significant growth potential. The property's strong history, recent upgrades, and attractive location make it an exceptional investment opportunity.

    Property Features for 787 Central Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,542 SF
    Lot Size
    54,886 SF

    Building Details

    Year Built
    1947
    Property Profile Location Intelligence

    Current Use by Public Records

    Myrtle Lane Inn Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coquille
    County
    Coos
    State
    Oregon
    Longitude
    -124.1896
    Latitude
    43.18112

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Established 26-room motel with manager's apartment.
    Where is this commercial real estate located?
    The property is located at 787 Central Blvd Coquille, OR.
    What is the asking price?
    The asking price for this property is $1,495,000.
    (541) 559-0111
    Request Owner's contact information
    787 Central Blvd Coquille, OR 97423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    787 Central Blvd Coquille, OR 97423
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