1152 Main StSpringfield, OR 97477

Property Details for 1152 Main St

Lot size

0.58 AC

Zone code

CC-COMMUNITY COMMERCIAL

Property type

Commercial real estate

APN

17-03-35-41-04200-000

APU

1703354104200000

Description

This exceptional investment opportunity presents the Regency Inn, a well-maintained 13,617 square foot hospitality property situated on a sprawling 25.302-acre lot at 1152 Main St, Springfield, Oregon 97477. Built in 1985 and extensively renovated in 2023, this property boasts 25 units and currently operates at 65% occupancy, offering significant potential for revenue growth. The property is zoned CC, providing versatility for various uses within the permitted zoning guidelines. Its prime location within the bustling Eugene Springfield MSA ensures high visibility and accessibility to a large customer base. The modern amenities and attractive ambiance contribute to a desirable guest experience. The Regency Inn is move-in ready and presents a compelling opportunity for investors seeking a profitable venture in a thriving market. The asking price is $3,250,000. This well-maintained asset offers a strong foundation for immediate returns and long-term growth, making it an ideal acquisition for hospitality and limited-service investors. The property's size and location within Lane County, Oregon, provide a strategic advantage in a competitive market. The recent renovations ensure the property is equipped with modern features and is ready to capitalize on increased occupancy.

Location Insight

City

Springfield

County

Lane

State

Oregon

Latitude

44.0463

Longitude

-123.01

CBSA code

21660

CBSA name

EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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