1065 Siskiyou Boulevard, Ashland, OR 97520
$3,400,000
Property Type:
Commercial Sale
Square Footage:
6,486
Lot Size (sq. ft.):
38,333
Status:
Closed
Current Price:
$3,400,000
List Date:
2/09/2021
Last Modified:
11/04/2024
Overview
Description
Listing Details MLS# 220116297
General Property Information
- Building Area Total
- 6486
- Building Area Source
- Other
- Building Area Units
- Square Feet
- # of Units Total
- Yes
- Year Built
- 1940
- New Construction YN
- No
- Zoning
- C-1, R-2
- Tax Annual Amount
- 14921
- Tax Year
- 2020
- CC&R's YN
- No
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Additional Features:
Laundry Facility
Common Walls:
No Common Walls
Construction Materials:
Frame
Cooling:
Central Air; ENERGY STAR Qualified Equipment; Other
Flooring:
Hardwood; Laminate; Stone; Tile
Foundation Details:
Block; Concrete Perimeter; Slab
Heating:
Ductless; Forced Air; Hot Water; Natural Gas
Interior Features:
Built-in Features; Ceiling Fan(s); Solid Surface Counters; Stone Counters; Wired for Data
Levels:
Multi/Split
Roof:
Asphalt
Security Features:
Carbon Monoxide Detector(s); Smoke Detector(s)
Business Type (AKA Sub Type):
Hospitality; Income/Investment
Utilities:
Electricity Connected
Lot Features:
Fenced; Garden; Landscaped; Level; Smart Irrigation; Sprinkler Timer(s); Sprinklers In Front; Sprinklers In Rear; Water Feature
Miscellaneous Information:
Personal Property/Fixtures/Equipment List Attached
Parking Features:
Concrete; Parking Lot
View:
Mountain(s); Valley
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
Profit and Loss Statement
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Trust
Location Tax and Legal
- Street Number
- 1065
- Street Name
- Siskiyou
- Street Suffix
- Boulevard
- County
- Jackson
- State
- OR
- Postal Code
- 97520
Contract Information
- Original List Price
- 3400000
- Listing Contract Date
- 2021-01-23
Remarks and Miscellaneous
- Public Remarks
- Rare opportunity to acquire a beloved piece of Ashland. The Palm is being offered for this 1st time in over 20 years as the owners have spent this time modernizing this refreshing oasis in the heart of Ashland. Located across the boulevard from Southern Oregon University and near the center of town, you would never know this bustling area exists outside of the walls of this spa-like setting. Guest choose this property for its award-winning gardens, heated saltwater pool, water features, fire pits, towering Palm trees and modern amenities. With room to expand, opportunities to provide more offerings, this property is prime to grow or maintain it's 10% CAP rate. The owners are looking to pass on this legacy after 40 years of operating properties in the hospitality industry. The Palm continues to be successful even through a pandemic. Position yourself well by taking this great opportunity to own a thriving hotel property, providing unique experiences to their guests.
- Leased Components
- No Lease Exist. Owner Occupied
Status Change Information
- Close Date
- 2021-08-31
- Under Contract Date
- 2021-03-14
- Status Change Timestamp
- 2021-09-02
- Close Price
- 3400000
- Sold Price per SqFt
- 524.21
More Information
Currently Not Used
- List Price per SqFt
- 524.21
Business Details
- Business Included?
- Yes
- Business is a Franchise
- No
- Business Name
- Innfuture, LLC dba Palm Hotel
- Inventory List Attached
- No
- Number of Full Time Employees
- 3
- Number of Part Time Employees
- 3
- Seller to Provide Training
- Yes
- Year Business Established
- 1999
- Years Business Owned by Current Owner
- 22
Income and Expenses (Annual Amounts)
- Cap Rate %
- 10
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 20
Listing Office:
Full Circle Real Estate
Last Updated: November - 04 - 2024
Information deemed reliable but not guaranteed.