109480 Us-97 Chemult, OR 97731
- Hospitality properties
- 6,106 SF
- 1.73 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 109480 Us-97
- Year built
- 1973
- Lot size
- 1.73 lot acres
- Property size
- 6,106 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a well-established motel in Chemult, Oregon, ideally situated along US-97, boasting high visibility and traffic counts of 5,418 AADT. The property encompasses a 1.73-acre lot and features two motel buildings totaling 6,106 square feet, housing 20 rooms equipped with microwaves and mini-fridges. Adding to its appeal is a separate office building with an attached residence, providing additional income potential or owner-operator living space. A four-bedroom house, complete with a full bathroom and kitchen, further enhances the property's versatility. Built in 1973, this property is zoned R5-Rural Residential and offers ample parking for 21 vehicles. Its strategic location near popular ATV, snowmobile, and hiking trails, coupled with its proximity (approximately 30 miles) to the renowned Crater Lake National Park, ensures a consistent stream of tourists and outdoor enthusiasts. The asking price is $750,000, translating to $122.83 per square foot. This presents an appealing opportunity for both owner-users seeking to establish a presence in the hospitality and tourism sector, and investors looking for a strong return on investment in a desirable location. The property's diverse offerings and prime location make it a truly unique and lucrative investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chemult
- County
- Klamath
- State
- Oregon
- Longitude
- -121.784
- Latitude
- 43.2162
