511 Cascade Ave Sisters, OR 97759-1038
- Motels
- 3,384 SF
- 0.79 lot acres
Current Use by Public Records
- Motels
Property Details for 511 Cascade Ave
- Year built
- 1949
- Lot size
- 0.79 lot acres
- Property size
- 3,384 SF
- Property type
- Motels
- APN
- 151008 AA 00500
- APU
- 151008AA00500
Description
This exceptional Sisters, Oregon hospitality property presents a fantastic investment opportunity. The Left Coast Lodge, LLC, boasts 11 recently updated units, each enhanced with amenities such as small kitchenettes for guest convenience. Situated on a 0.86-acre lot at 511 W Cascade Avenue, this 3,384 square foot lodge enjoys a prime location within walking distance of Sisters' vibrant downtown area, offering easy access to restaurants and shops. On-site amenities cater to a diverse clientele, including a bike repair station, an enclosed dog run, and an inviting outdoor fire pit, creating a welcoming atmosphere. The property also includes manager's living quarters, adding to its operational efficiency. The lodge has a proven track record of strong financial performance
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,315,000
- 6.5%
- $2,630,000
- 7%
- $2,320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,160,000
- Geo Method
- $2,520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,810,000
- Retail
- $2,430,000
- Mixed-Use
- $2,380,000
- Hospitality
- $2,250,000
- Educational
- $2,270,000
- Residential Income
- $2,780,000
- Energy
- $2,255,000
- Income-Based Land
- $2,660,000
- Food Service
- $2,585,000
Location Insight
- Map
- Local Demand
- City
- Sisters
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.556
- Latitude
- 44.2909
- CBSA code
- 13460
- CBSA name
- BEND, OR METROPOLITAN STATISTICAL AREA
