616 Ml St Maupin, OR 97037-9159
- Commercial real estate
- 0.41 lot acres
Current Use by Public Records
- Deschutes Motel / Motel / Hotel
Property Details for 616 Ml St
- Lot size
- 0.41 lot acres
- Zone code
- RC
- Property type
- Commercial real estate
- APN
- 4S 14E 32 CD 1900
- APU
- 4S14E32CD1900
Description
This exceptional investment opportunity presents a unique chance to own the Deschutes Motel, situated in the charming town of Maupin, Oregon. The property boasts a total of 13 studio units, perfect for seasonal rentals or long-term tenants, catering to the thriving tourism industry fueled by Maupin's renowned rafting, fishing, and hunting opportunities. In addition to the studio units, the property includes a separate two-bedroom house, offering versatile options for an owner's residence, manager's quarters, or additional rental income. The motel sits on a sizable 0.75-acre lot, providing ample space and potential for future expansion or development. With a total of 3,000 square feet of building space, the property offers significant potential for revenue generation. The asking price is $695,000, representing a compelling investment in a high-demand location with established recreational attractions. This property is ideal for an investor seeking a turnkey operation in a picturesque Oregon setting, benefiting from the consistent influx of tourists and outdoor enthusiasts. The existing structure presents a solid foundation for continued success, with the potential for upgrades and improvements to further enhance profitability. This is a rare opportunity to acquire a well-established business in a highly desirable location. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $525,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $480,000
- 6.5%
- $495,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $575,000
- Retail
- $550,000
- Mixed-Use
- $440,000
- Hospitality
- $510,000
- Educational
- $530,000
- Residential Income
- $470,000
- Energy
- $465,000
- Income-Based Land
- $500,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Maupin
- County
- Wasco
- State
- Oregon
- Longitude
- -121.088
- Latitude
- 45.1752
- CBSA code
- 45520
- CBSA name
- THE DALLES, OR MICROPOLITAN STATISTICAL AREA