51385 HWY 97 La Pine, OR97739

$1,125,000
5066 sq. ft
1 to 2.99 Acres
Zoning: Comm
1157 days on market

VestorFilter™

Price per ft²$222.07/ft²
Price per acre$1.04M/ac
Time on market1157 days

Property Description

Well ESTABLISHED 9 unit MOTEL located in high traffic area on Highway 97 in La Pine. Family owned and run since 1968, owner is retiring. 2 units have long term tenants in place and there are separate living quarters for owner or manager to live. Along with the Motel is .54 of an acre that could be used to expand the number of units and increase the revenue. A rare opportunity for an investment in this small town community of very high traffic.

{{ compliance-logo }}Listing Provided By Coldwell Banker Bain

Financial Data

Date Sold2021-08-20
Sold Price$1,125,000
Original Price$1,125,000
Current Price$1,125,000
Property Taxes$6,124

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Home Facts

StatusSold
Year Built1948
MLS ID21378209