304 Bakeoven RdMaupin, OR 97037
- Hospitality properties
- 15,620 SF
Property Details for 304 Bakeoven Rd
- Year built
- 1970
- Lot size
- 8.74 AC
- Property size (Sq ft)
- 15,620 SF
- Property type
- Hospitality properties
- Property subtype
- Other hospitality properties
Description
Exceptional investment opportunity: a 25-key hotel in Maupin, Oregon, boasting 15,620 square feet on 8.74 acres of prime riverfront land. Built in 1970 and renovated in 2006, this four-building, two-story property includes 16 river-view lodge rooms and 9 hotel rooms, each featuring amenities such as coffee makers, refrigerators, and Wi-Fi. Guests enjoy access to a private boat dock, sand volleyball court, outdoor firepit, and a large event space perfect for weddings and conferences. The property also includes a leased restaurant. Located 45 minutes south of The Dalles, this hotel benefits from year-round demand driven by whitewater rafting, fishing, and other recreational activities. The asking price is $4,750,000, representing a $190,000 price per key, a $304.10 price per square foot, a 10.14% cap rate, and a NOI of $481,552. The property offers unparalleled access to the Deschutes River, with over a quarter-mile of river frontage. This is a unique opportunity to acquire a thriving hospitality business in a desirable location. All information is deemed reliable but subject to buyer verification.
Location Insight
- City
- Maupin
- County
- Wasco
- State
- Oregon
- Latitude
- 45.1726
- Longitude
- -121.075
Comparable in this City
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