616 Ml St Maupin, OR 97037-9159
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.
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Deschutes Motel Hotel & Motel
SECTION 3.8 - RECREATIONAL COMMERCIAL “RC” It is the purpose of this zone to provide areas where businesses and services may be established to enhance the recreational and tourist industry in the city. Buildings and structures hereafter erected, structurally altered, enlarged, or moved and land hereafter used in the Recreational Commercial zone shall comply…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RC · Maupin, ORSECTION 3.8 - RECREATIONAL COMMERCIAL “RC” It is the purpose of this zone to provide areas where businesses and services may be established to enhance the recreational and tourist industry in the city. Buildings and structures hereafter erected, structurally altered, enlarged, or moved and land hereafter used in the Recreational Commercial zone shall comply with the following regulations: A. PERMITTED USES. Subject to Site Plan Review. 1. Motel, hotel, recreational vehicle park, and campgrounds, including one on -site single family residence or apartment for the use of the owner or on-site manager of the facility. 2. Restaurants or cafes. 3. Emergency protection facilities such as police or fire stations. 4. Accessory uses or buildings. 5. River oriented recreational activities. 18 6. Residential uses located above existing commercial uses. B. CONDITIONAL USES. The following uses and their accessory uses are permitted when authorized by the Planning Commission upon satisfactory demonstration of compliance with the standards of this ordinance as required in Section 5.1 and this section. 1. Taverns, Brew Pubs 2. Commercial Amusement 3. Automobile Service Station 4. Lodge for Civic or Fraternal Organization 5. Restaurants or cafes with more than a Class “C” liquor license. 6. Bed and Breakfast facilities. Subject to the provisions of Section 4.14. C. DIMENSIONAL STANDARDS. In the “RC” Recreation Commercial zone the following dimensional standards shall apply. 1. Height. Buildings, structures or portions thereof shall not be erected to exceed a h eight of two and one-half stories or 35 feet, excluding necessary public utilities and services. 2. Area. No minimum lot size is required except as follows: (a) The minimum area for automobile service stations, restaurants and cafes shall be 5,000 square feet. (b) The minimum lot area for motels, hotels, or RV parks shall be 10,000 square feet. (c) Yards. None required except where abutting a residential zone, the setback requirement of the residential zone shall apply to the abutting yards. D. PARKING REGULATIONS. 1. Section 4.8 shall apply. Expansion or redevelopment of existing developed areas may seek a variance to these regulations under Article 6 of this Ordinance. 2. Parking Area Approval. Sufficient off-street parking shall be required for all uses. A parking plan shall be approved by the Planning Commission prior to permit approval. The area must be surfaced with asphaltic concrete, or other type of surfacing approved by the Planning Commission. E. SANITATION REGULATIONS.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.