IN CONTRACT – This property is currently in contract, the seller will consider offers in backup position only.
Updated Franchise Economy Motel Near High-Tech Development
Newly converted to America’s Best Value Inn franchise in 2018. Over $200,000 in Capital Improvements, this updated motel has strong financials and excellent cash flow, and future expansion opportunities. No Buyer PIP, transfer or application fees. Ideally situated on Interstate 84, and within proximity to both downtown Boardman, and multiple Amazon Data Centers. Location is well situated for on-going regional economic development. This exterior corridor economy property offers easy access to both trucks & RVs and is walking distance to nearby restaurants. The nearby Port of Morrow, Columbia River, and Pendleton Round-Up ensure this motel is well-situated for both business and leisure travelers. All rooms are non-smoking and rooms mix includes Queen Singles, Queen Doubles, and Queen Suites, with both showers and baths. Property features a spacious ~2000 sq. ft. Owner’s Quarters, with 2 bedrooms, 1 bath, 2 car garage, private deck, and yard. Perfect for Owner/Operator, or for Manager’s Quarters.
Boardman, Oregon is located on the main Interstate 84 corridor with access to Portland metro, and close to the Washington Tri-Cities area. The mild climate and access to plentiful water and power make the city of Boardman uniquely attractive to high tech server farms, wineries, and agriculture.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.
Special Property Features Include:
- 13.93% Cap Rate, 40.90% ROI & 3.74 GRM
- Now ABVI – Extensive Capital Improvements
- No Buyer PIP, Transfer or Application Fees
- Easy Access & Visibility from Interstate 84
- Spacious Updated Owner’s Quarters
- Near Columbia River Gorge Recreational Area
- Proximity to On-going Economic Development
Location: Highway, Rural
Type: Franchised, Select Service
Cap Rate: 13.93%
ROI/Cash Flow: 40.90%