47487 Or-58 Oakridge, OR 97463
- Self storage facilities
- 1.80 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 47487 Or-58
- Year built
- 1990
- Lot size
- 1.80 lot acres
- Property type
- Self storage facilities
- Property subtype
- Hospitality properties
Description
This exceptional Oakridge, Oregon investment opportunity presents a unique blend of hospitality and self-storage, offering significant upside potential. The property, located at 47487 OR-58, boasts a 13-room motel, perfectly suited for owner-operators seeking a hands-on approach. Complementing the motel are 73 self-storage units, providing a stable and diversified revenue stream. Adding to the value proposition is a substantial 1,600 square foot single-family residence situated on the same 1.8-acre lot. The property features six buildings, all single-story structures, built in 1990 and recently renovated in 2023/2024. The property benefits from over 400 feet of highway frontage, providing excellent visibility and accessibility. Zoned C3, this property offers flexibility for future expansion or development. The asking price is $1,425,000, with a pro-forma cap rate of 14.62%. This is a rare opportunity to acquire a multi-faceted commercial property in a desirable location with strong potential for growth and return on investment. The combination of motel, self-storage, and residential components creates a resilient and diversified income stream. Don't miss this chance to own a piece of Oakridge's thriving commercial landscape.
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
- Oakridge
- County
- Lane
- State
- Oregon
- Longitude
- -122.489
- Latitude
- 43.7474
