Storage & Hospitality Opportunity
47487 Hwy 58
Oakridge, OR 97463
Highlights
- Storage units boast 90%+ occupancy
- Potential upside in both room rents and storage fees
- Immaculate property with over 260' of highway frontage
- Strong motel income June through October, annually
- Storage income consistent year round
- Please do not disturb the current operators
- Contact listing office for more information or to schedule a tour
Description
Cascade Motel and Storage is a family-owned business located in the heart of Oakridge, Oregon. The motel offers 13 comfortable and affordable lodging for travelers and tourists visiting the area, with a range of room options to suit different needs and budgets. Guests can enjoy amenities such as cable TV, free Wi-Fi as well as easy access to local attractions and outdoor recreation opportunities.
In addition to the motel, Cascade Motel and Storage also offers a range of storage solutions for residents and businesses in the Oakridge area. The facility features 72 clean and secure units ranging in size from 5'x5' up to 10'x20'.
Oakridge, Oregon is a small rural community located in the foothills of the Cascade Mountains. The economy of Oakridge is primarily based on tourism and recreation. The area boasts 350+ miles of mountain bike trails on over 35 separate routes in varying degrees of difficulty. A study completed by the International Mountain Bicycling Association in 2014 estimated that the direct economic impacts of mountain biking in Oakridge to be between $2.3 and $4.9 million.
The subject property has undergone substantial improvements in the past 15 years, to include an increase in room count from 9 to 13. Each room is unique, clean and well appointed for both short and medium stay guests. The adjacent storage units serve as a secure place for guests visiting with bicycles to store their belongings while not incurring damage inside of the guest rooms.
The property boasts 260 feet of Highway 58 frontage, and offers 72 storage units in addition to the 13 motel rooms. The storage units have remained at or above 90%+ occupancy over a 15 year period, generating a steady stream of relatively passive income in addition to the motel. Please do not disturb the operator, contact listing office for more information or to tour the property.
