787 N Central Blvd 787 Coquille, OR 97423
For Sale
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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.
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Myrtle Lane Inn Hotel & Motel
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) General Commercial and Commercial Retail (C-2; CR) Commercial Office (CO) Mixed-Use Commercial (C-3) Related Special Use Standards Residential Ca…
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
C-2 · Coquille, ORTable 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) General Commercial and Commercial Retail (C-2; CR) Commercial Office (CO) Mixed-Use Commercial (C-3) Related Special Use Standards Residential Categories Household Living Residential Uses (Household Living and Group Living) allowed, if: - Lawfully existing in its current location as of the effective date of the ordinance codified in this title (may be rebuilt in the event of involuntary damage or destruction due to fire or other event beyond owner's control); or P P P P Residential uses, including attached housing, multifamily, group living, and accessory dwellings, must conform to the use and design standards contained in Sections 17.24.090 and 17.24.110 , as applicable. - New dwelling built in conjunction with a permitted commercial use, exclusive of the main floor P P P P - New dwellings not in conjunction with a permitted commercial use N N N P Commercial Categories Drive-Up/Drive-In/Drive- Through (drive-up windows, kiosks, ATMs, similar uses/facilities) CU+S CU+S CU+S CU+S
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.
