For Sale
$1,425,000

47487 Or-58 Oakridge, OR 97463

13-Room Motel, 73 Storage Units, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional Oakridge, Oregon investment opportunity presents a unique blend of hospitality and self-storage, offering significant upside potential. The property, located at 47487 OR-58, boasts a 13-room motel, perfectly suited for owner-operators seeking a hands-on approach. Complementing the motel are 73 self-storage units, providing a stable and diversified revenue stream. Adding to the value proposition is a substantial 1,600 square foot single-family residence situated on the same 1.8-acre lot. The property features six buildings, all single-story structures, built in 1990 and recently renovated in 2023/2024. The property benefits from over 400 feet of highway frontage, providing excellent visibility and accessibility. Zoned C3, this property offers flexibility for future expansion or development. The asking price is $1,425,000, with a pro-forma cap rate of 14.62%. This is a rare opportunity to acquire a multi-faceted commercial property in a desirable location with strong potential for growth and return on investment. The combination of motel, self-storage, and residential components creates a resilient and diversified income stream. Don't miss this chance to own a piece of Oakridge's thriving commercial landscape.

Highlights

  • $1,425,000 asking price.
  • 13-room motel with 73 self-storage units.
  • Owner/user investment opportunity with a pro-forma cap rate of 14.62%.
  • Built in 1990, renovated in 2023/2024.
  • Six single-story buildings on a 1.8-acre lot with over 400 feet of highway frontage in Oakridge, Oregon (97463).
  • Includes a 1,600 sq ft single-family residence.

Property Details for 47487 Or-58

Property type
Self storage facilities, Hospitality properties
Year Built/Renovated
1990/2023
Buildings
6
Stories
1
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Oakridge
County
Lane
State
Oregon
Latitude
43.7473927
Longitude
-122.4888172

FAQs

What type of property is this?
Self storage facility - 13-Room Motel, 73 Storage Units, Huge Potential
Where is the self storage facility located?
The property is located at 47487 Or-58 Oakridge, OR.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: $1,425,000 asking price.; 13-room motel with 73 self-storage units.; Owner/user investment opportunity with a pro-forma cap rate of 14.62%.
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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47487 Or-58
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