For Sale
$3,600,000

999 Oregon Ave Burns, OR 97720

High-Cap Rate Hotel, Fully Renovated

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 38-unit hotel, located at 999 Oregon Ave, Burns, Oregon 97720, presents a lucrative investment opportunity. Boasting a substantial 19,308 square feet, this fully renovated property offers a compelling 10.86% capitalization rate, generating a net operating income (NOI) of $391,034. Built in 1984, the Americas Best Value Inn features an attractive interior corridor design, providing convenient access to all guest rooms. Amenities include an indoor pool and spa, enhancing guest experience and boosting profitability. The property also includes a manager's suite, adding to its operational efficiency. Situated in Harney County, this hotel benefits from its location in Eastern Oregon. The asking price for this turnkey operation is $3,600,000, representing a strong return on investment for discerning buyers seeking a profitable hospitality venture in a desirable location. This is a rare opportunity to acquire a well-maintained, high-performing hotel with significant upside potential.

Highlights

  • Fully renovated hotel in Eastern Oregon.
  • Features an indoor pool and spa.
  • 38-unit interior corridor hotel.
  • Includes an on-site manager's suite.

Property Details for 999 Oregon Ave

Property type
Hospitality properties, Hotels
Square Feet
19,308 SF
Year Built
1984

Location Insight

City
Burns
County
Harney
State
Oregon
Latitude
43.577506775285
Longitude
-119.07174739871

FAQs

What type of property is this?
Hospitality property - High-Cap Rate Hotel, Fully Renovated
Where is the hospitality property located?
The property is located at 999 Oregon Ave Burns, OR.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Fully renovated hotel in Eastern Oregon.; Features an indoor pool and spa.; 38-unit interior corridor hotel.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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999 Oregon Ave
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