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1175 2nd Street SeBandon, OR 97411Price: $2,350,000

  • Price: $2,350,000
  • 204 Days on Market
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Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,350,000List Price
  • 1.13Acreage
  • 3,680Square Feet
Listed by Hunter Finch of Coastal Sotheby's International Realty
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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 6.46% cap rate based on the list price of $2,350,000. All marketing, guest management, housekeeping, maintenance, overall operations, furnishings and equipment convey. Excellent value in a booming destination.

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Based on information submitted to OR_RMLS_WEB_API as of April 18, 2024 5:42 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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