310 Dorion Ave Pendleton, OR 97801-2530
- Hotels
- 12,166 SF
- 0.47 lot acres
Dec 15, 2021
Current Use by Public Records
- Hotels
Property Details for 310 Dorion Ave
- Year built
- 1959
- Lot size
- 0.47 lot acres
- Property size
- 12,166 SF
- Zone code
- C-1
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 2N3211BB08500
- APU
- 2N3211BB08500
Description
This exceptional 40-key motel, the Motolodge Pendleton, presents a lucrative investment opportunity. Boasting 16,000 square feet on a 20,500 square foot lot, this two-story property underwent a complete renovation in 2022. Originally built in 1959, the motel now features well-appointed rooms with custom furniture, carpeting, high-quality linens, modern bathrooms including socially responsible amenities, and 50-inch flat-screen TVs. The property is zoned C-1 and offers fee simple ownership. Located at 310 SE Dorion Ave, Pendleton, OR 97801, in Umatilla County, this motel enjoys a prime location along the historic Oregon Trail, conveniently situated midway between Portland and Boise. Pendleton, known for its rodeo, wool, and whiskey, offers a rich history and attracts numerous visitors. This turnkey operation is ready for immediate income generation, presenting a rare chance to acquire a thriving hospitality business in a desirable location. The asking price is $2,650,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,120,000
- ML approach
- $1,245,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,265,000
- 6.5%
- $1,165,000
- 7%
- $1,085,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pendleton
- County
- Umatilla
- State
- Oregon
- Longitude
- -118.783
- Latitude
- 45.6723
- CBSA code
- 25840
- CBSA name
- HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA
