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Listed by Oregon First
$ 4,600,000
Est. payment /mo
Active
651 N HIGHWAY 26 Madras, OR 97741
36,824 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Active
Purchase Type For Sale
Square Footage 36,824 sqft
Price per Sqft $124
MLS Listing ID 740472397
Year Built 1988
Annual Tax Amount $47,967
Tax Year 2024
Lot Size 7.500 Acres
Property Sub-Type Hotel Motel
Property Description
Exceptional hospitality investment opportunity. This well-maintained 100-key Econo Lodge is strategically positioned in a highly desirable location with excellent visibility and easy access to major highways, shopping, dining, and local attractions.Property Highlights: 100 guest rooms with consistent occupancy,Covered indoor swimming pool, Strong national brand affiliation, High-traffic, high-demand area, Ample surface parking, On-site guest amenities and laundry, Brand New Roof. Value-add potential through upgrades and management improvementsIdeal for investors seeking a stable, cash-flowing hospitality asset with long-term appreciation potential.
Location
State OR
County Jefferson
Area _340
Zoning C1
Interior
Heating Heat Pump
Cooling Window Unit
Exterior
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
