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$1,000,000
122 Days Online

2116 Adams Ave
La Grande, OR 97850

For Sale|Commercial|Pending
0
Beds
0
Full Baths
0
Partial Baths
3,744
SqFt
$267
/SqFt
1950
Built
County:
Union
Listing courtesy of Nick Shivers of Keller Williams PDX Central ?
2116 Adams Ave2116 Adams Ave2116 Adams Ave2116 Adams Ave
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Monthly Payment (Est.)

$4,562
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Exceptional investment opportunity in the vibrant center of La Grande, Oregon! This property presents an ideal fusion of comfortable living and a lucrative hospitality venture with an annual NOI of $61, 176 and a current CAP rate of 5.56. Located in the heart of downtown La Grande on Highway 30, this property boasts a 9-unit motel along with a generously sized residential home. The main residence has 2 large bedrooms, 1 bath, laundry, 2 kitchens, a dining area, a living room, and an office so you can comfortably live on-site while managing the motel property. Each of the 9 motel units ranges from 200 to 400 square feet in size. Five of these units are equipped with kitchens, ensuring guests have the option of preparing meals in the comfort of their own space. Additionally, all units are furnished with 55" TVs. On-site amenities include a patio, laundry facility, ice machine, parking, and convenient storage. Currently, 7 out of the 9 units are generating a monthly income of $6, 265, with the remaining 2 units undergoing renovation. This outstanding income stream provides a foundation for your investment with excellent returns. Situated right across the street from Safeway and within walking distance to popular restaurants, shopping, parks, Eastern Oregon University, and Grande Ronde Medical Center, guests will enjoy the convenience and attractions offered by the area. This strategic location ensures a steady flow of guests, making this investment an even more attractive proposition. **"Buyer to do their own due diligence on hotel + house total sq ft."

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Listing Snapshot
Price 
$1,000,000
Days Online 
122 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,744 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1950
MLS Number 
23018059
Status 
Pending
Property Tax 
$4,291
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
2 months agoStatus changed to Pending
3 months agoPrice changed to $1,000,000
4 months agoListing first seen online
General Features
Construction 
FrameWood Siding
Sewer 
Public Sewer
Water 
Public
Parking Spaces 
13
Parking Features 
On Site
Attached Garage 
No
Garage Spaces 
13
Interior Features
Heating 
Other
Cooling 
Window Unit
Stories 
1
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Exterior Features
Parking 
On Site
View 
Yes
Listing courtesy of Nick Shivers of Keller Williams PDX Central ?



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2024 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

This content last updated on 2024-03-03 10:55 AM PST.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
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