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Listed by Homestead Co. • 541-432-2212
$ 3,000,000
Est. payment /mo
Active
201 S MAIN ST Joseph, OR 97846
5,882 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Active
Purchase Type For Sale
Square Footage 5,882 sqft
Price per Sqft $510
MLS Listing ID 259607516
Year Built 1950
Annual Tax Amount $7,027
Tax Year 2024
Lot Size 0.670 Acres
Property Sub-Type Hotel Motel
Property Description
Discover your opportunity in the picturesque town of Joseph, Oregon. This remarkable 16-unit motel offers an exceptional investment opportunity in a sought-after destination, surrounded by breathtaking mountains and stunning landscapes. Whether you are an experienced investor or new to the hospitality industry, this property is perfect to capitalize on the booming tourism sector. As a prime main street location in a popular destination, this motel attracts visitors year-round who come to explore the charming town, partake in outdoor activities, and enjoy views of the Wallowa Mountains. 16 well-appointed and spacious accommodations were each designed for comfort and relaxation. Guests will appreciate the cozy atmosphere, ideal for unwinding after a day of adventure. The property includes a dedicated manager's unit, allowing for seamless operations and oversight ensuring both guests and staff enjoy a well-maintained environment. Additional lots for potential income are available. Listing includes extra lots which present exciting possibilities for expansion or alternative income-generating ventures. Imagine adding condos, RV spaces, or a restaurant to enhance the guest experience and diversify your revenue streams. Benefit from an existing clientele and consistent occupancy rates as the motel's reputation for friendly service and clean accommodations is well established making it a favorite among returning visitors. Surrounded by nature's best offerings, the property is a stone's throw away from Wallowa Lake, hiking trails, fishing and winter sports. The area's stunning beauty provides endless opportunities for outdoor enthusiasts. With the growing demand for vacation rentals and hospitality services in scenic locations, this property is a prime candidate for further development, making it an exciting prospect for savvy investors. If you are ready to seize the opportunity of owning a well-established motel in one of Oregon's most enchanting towns, call Adam today!
Location
State OR
County Wallowa
Area _470
Zoning COM
Interior
Heating Mini Split
Cooling Mini Split
Equipment Fixtures, Furniture
Exterior
View City, Mountain
Roof Type Metal
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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