Property profile

787 Central Blvd Coquille, OR 97423

FOR SALE
Bed & breakfasts
Property ID
US71-0801975
9,583 SF 1.26 ac lot Built 1947
Entity Owned 7-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

787 Central Blvd Coquille, OR 97423
Coquille metro Census 902 COOS BAY, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$420k

Owner & transaction history

since 2018
1 recorded transaction
2018
$450,000

Zoning & alternative use

C-2 · Coquille, OR
Zoning description

Table 17.28.020 Land Uses Allowed in Commercial Districts (C-1, C-2, CO, C-3) Uses Status of Use in District Use Categories (Examples of uses are in Chapter 17.12 ; definitions are in Chapter 17.08 ) Downtown (C-1) Gener…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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