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    OFF-MARKET
    Bed & breakfasts

    787 Central Blvd, Coquille, OR 97423-1251

    9,583 SF 1.26 ac lot Built 1947
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US71-0801975
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-maintained 26-guest room motel situated on a 1.26-acre lot in the charming town of Coquille, Oregon. The property boasts a substantial 10,542 square feet of space, including a spacious three-bedroom, two-bathroom apartment ideal for an on-site manager or owner. This established business enjoys a strong rental history, demonstrating consistent profitability. Recent upgrades significantly enhance the property's appeal and functionality. These improvements include updated flooring throughout, a new natural gas connection, and thematically designed guest rooms featuring a variety of captivating themes such as patriotic, wildlife, forest, floral, and even Sasquatch! Many rooms feature upgraded furniture, including attractive chest hide-away extra beds and new granite countertops. The sale includes new reservation and management software, streamlining operations and enhancing efficiency. A comprehensive security system is also in place, ensuring the safety and security of guests and property. A large reader board sign provides excellent visibility and generates additional income streams. Priced at $1,495,000, this turnkey operation offers a compelling return on investment and a unique opportunity to own a thriving small-town business with significant growth potential. The property's strong history, recent upgrades, and attractive location make it an exceptional investment opportunity.

    Property profile
    Verified
    Property type Bed & breakfasts
    Use group BED & BREAKFAST
    Year built 1947
    Total area 9,583 SF
    Lot 1.26 ac (54,886 SF)
    Zoning code C-2
    APN 27 S 13 W 36 DC 4100
    UPID US71-0801975
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Myrtle Lane Inn Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Cdc Investmetns Properties LLC · 7 yrs held
    Cdc Investmetns Properties LLC
    since 2018
    1 recorded transaction
    2018
    $450,000
    Zoning & alternative use
    C-2 · Coquille, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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