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787 N Central Blvd
Coquille, OR 97423

Myrtle Lane Motel · Hospitality Property For Sale · 13,000 SF

INVESTMENT HIGHLIGHTS

  • 26-Room, Independent Hotel – Received City Approval for a 6-Room Extension on North Side of Property
  • Surrounded by Several Restaurants, Retailers, and Within Walking Distance of Coquille Valley Hospital; 20 Minutes from Beach at Bandon & Coos Bay
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
  • Recent Replacements of Furniture and Laundry Equipment
  • YE 2022 Room Revenues Exceeded $412 Thousand while Maintaining a NOI Over $176 Thousand

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.19 AC
Building Size 13,000 SF
No. Stories 1
Year Built 1947
Parking Ratio 1.1/1,000 SF
Corridor Exterior

PROPERTY TAXES

ZONING

Zoning Code C-2
  • Listing ID: 28337015

  • Date on Market: 4/27/2023

  • Last Updated:

  • Address: 787 N Central Blvd, Coquille, OR 97423