Motel FSBO / Lease / Lease Opt - Buy
Location:
United States
->
Oregon
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Springfield
Industry: Hotels and Holiday Accommodation > Motels
Business Summary
Great Price! Great Investment! Can easily be run by 2 person team or couple.
The Sutton Motel for salse has been established for over 30+ years. Property has 25 rooms plus manager's quarters attached to lobby. 7 of 25 rooms are kitchenettes. Laundry Room, Free - on site parking as well as street parking.
Owners are selling at low price. Owner Financing is available. Lease or lease to buy option available with minimum $75,000 security deposit. Owner will train if needed.
This property offers basic clean accommodations and services primarily local workers, nightlife, budget minded travelers and U of O football and track fans.
Located downtown in the City of Springfield, this property is also close to I-5, Autzen Stadium, the University of Oregon and WillaKenzie Hospital.
The City of Springfield has begun their urban renewal plans including a riverfront that will be close to the motel. Visit the cities website for more urban renewal plans. Visit our website for pictures at: suttonmotel-or.com.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: $650,000
Seller Financing: Yes
About The Business
Year Established: 1968
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Lease
About The Sale
Management Training and Support: If necessary.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Motels business for sale.
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Print Listing Id: 700108251
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