Description OREGON COAST MOTEL AND HOME FOR SALE - $895,000. Center of Bandon, Oregon.
Established 22 room motel with Triple A affiliation includes on-site laundry, two family suites with full kitchens, 11 single rooms, 9 double rooms on 0.62 acres.
Motel is in excellent condition and located within walking distance of restaurants, shops, museums and ocean beaches and harbor.
Property includes a beautiful 2370 sqft owner residence on 0.32 acre lot with private access from side street to two car garage and private backyard and private entry.
LOCATION: 460 Highway 101, Bandon, Oregon 97411 in the center of town.
FOR SALE PRICE: $695,000.
AMENITIES: Hand painted murals by local artist Jack Champagne in each room. Cable TV, refrigerator, microwave, WiFi, queen beds. Harbor view rooms. 2 bed, 2 bath Suite with full kitchen, living room and balcony.
HISTORIC ANNUAL GROSS: $200,000 to $244,000. Recession Yrs Gross $154,000 to 174,000.
HISTORIC MOTEL CAPITALIZATION RATE as high as 16%
SHOWN BY APPOINTMENT ONLY. DO NOT DISTURB.
Driftwood Motel
460 Highway 101
Bandon, Oregon 97411
Total Property Area 0.94 acres
Zoning C2
22 Room Motel
8472 sqft
Built 1986
11 Single Bed Rooms
9 Double Bed Rooms
2 Suites
Summer rents 90-110/day
Winter rents 55-65/day
AAA affiliated
Owners Home
2370 sqft
3 bedroom, 2 1/2 baths
Built 1995
2 car garage
Private yard
Private entrance