999 Oregon AveBurns, OR 97720

  • Other commercial real estate
  • 17,096 SF
For Sale
$3,600,000 View listing

Property Details for 999 Oregon Ave

Year built
1984
Lot size
0.81 AC
Property size (Sq ft)
17,096 SF
Zone code
CG
Property type
Other commercial real estate
APN
23S 30E 13CA 00501
APU
23S30E13CA00501

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,178,563
    Hospitality
    $3,827,542
    Educational
    $3,184,470
    Medical
    $3,293,988
    Retail
    $4,953,620
999 Oregon Ave, Burns, Oregon

Location Insight

City
Burns
County
Harney
State
Oregon
Latitude
43.5773
Longitude
-119.071

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,219
-
-
$1,284,960
-
$185,140
$1,124,420
$1,309,560

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