$ 1,900,000
1175 2nd St SE Bandon, OR 97411
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Listed by Coastal Sotheby's International Realty
$ 1,900,000
Est. payment | /mo
3,680 SqFt
$ 1,900,000
Est. payment | /mo
3,680 SqFt
Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Active
Purchase Type For Sale
Square Footage 3,680 sqft
Price per Sqft $516
MLS Listing ID 23379163
Year Built 1949
Annual Tax Amount $4,340
Tax Year 2023
Lot Size 1.130 Acres
Property Description
Updated, redesigned, rebranded in 2022, this chic boutique motel and RV park is a profitable, turnkey operation that's immaculately packaged and ready for new ownership. b.side motel+rv has 10 rooms(w/baths)that have been individually curated with a well-appointed mix of modern and vintage. Rooms are comfortable and clean with exceptional amenities, including premium mattresses/ linens, refrigerators, microwaves, TVs, and Wi-Fi. There is also a recently updated manager's unit with 2 bedrooms, 2 baths, and full kitchen, offering flexibility for on-site manager or as additional rental. A fully outfitted housekeeping facility behind motel with everything needed to operate daily.The RV park is known for its ambiance, attracting both long and short-term guests with lighting, greenery, and quiet, safe accommodations. 8 RV spaces fit rigs ranging from 21-38 ft, with full hookups, sewage, and water. 2 campsites fit for tent/car camping are also available. 2 single-user guest-only RV bathrooms include coin-op laundry.The property is the only 100% dog-friendly motel in Bandon, creating add'l revenue. The property is encircled by tall trees with outdoor spaces for guests. Convenient to local amenities, including Old Town Bandon, the beach, and championship golf at Bandon Dunes. An automated, secure self-check in system makes a full-time onsite manager unnecessary. Majority of guests book online, facilitating a low friction guest experience. Website and growing social media presence build guest satisfaction and loyalty. Technology updates enhance efficiency and allow for extensive access to customer data. Since rebranding, occupancy and revenue have grown significantly. Customer reviews are excellent, the highest-rated motel in Bandon on Google. The business returns a 8.5% cap rate based on the list price of $1,900,000. All marketing, guest management, housekeeping, maintenance, overall operations, furnishings and equipment convey. Excellent value in a booming destination.
Location
State OR
County Coos
Area _260
Zoning C-2
Interior
Heating Zoned
Equipment Fixtures, Furniture, SecuritySystem, SmokeDetector
Exterior
View Seasonal, Trees Woods
Roof Type Composition
Parking Type On Site
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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