56484 Highway 62, Prospect, OR 97536
$2,100,000
Property Type:
Commercial Sale
Square Footage:
27,701
Lot Size (sq. ft.):
740,520
Status:
Closed
Current Price:
$2,100,000
List Date:
5/24/2021
Last Modified:
12/04/2024
Overview
Description
Listing Details MLS# 103008716
General Property Information
- Building Area Total
- 27701
- Building Area Source
- Other
- Building Area Units
- Square Feet
- # of Units Total
- 10
- Year Built
- 1939
- New Construction YN
- No
- Zoning
- FR-160
- Tax Annual Amount
- 3685.56
- Tax Year
- 2019
- CC&R's YN
- No
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Construction Materials:
Frame
Heating:
Propane; Other
Levels:
Two
Business Type (AKA Sub Type):
Hospitality
Water Source:
Well
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 56484
- Street Name
- Highway 62
- County
- Jackson
- State
- OR
- Postal Code
- 97536
Contract Information
- Original List Price
- 3000000
- Listing Contract Date
- 2019-12-09
Remarks and Miscellaneous
- Public Remarks
- Discover this iconic destination resort along Oregon Highway 62 near National Park Crater Lake. 1 hour drive from regional hub Medford, Oregon and 2 hours to Central Oregon's Bend, this resort is right in the middle of Oregon's recreational forest. The resort features 23 cabins and 9 lodge rooms, a Store, legendary restaurant, Ice Cream Parlor and much more. Beckie's Cafe - Serving breakfast, lunch and dinner 365 days a year. Beckie's is an icon for Southern Oregon known for their pies, made fresh daily. Beckie's and Union Creek Resort are listed on the National Register of Historic places. The old-fashioned Cones & Co, Ice Cream Shop at Union Creek Resort are a must for those hot days of summer. Umpqua Ice Cream based in Roseburg, Oregon is the ice cream used for the supreme quality treats. There are 23 cabins and 9 Lodge rooms recently updated to include upgraded finishes, kitchens, bathrooms and heat. Strong cash flow. Over a 10 cap Investment.
- Directions
- North on Highway 62 past Prospect to Union Creek.
Status Change Information
- Close Date
- 2021-10-26
- Under Contract Date
- 2021-10-26
- Status Change Timestamp
- 2021-10-29
- Close Price
- 2100000
- Sold Price per SqFt
- 75.81
More Information
Currently Not Used
- List Price per SqFt
- 108.3
Income and Expenses (Annual Amounts)
- Cap Rate %
- 10
- Cap Rate Basis
- Proforma
- Net Operating Income
- 300000
Listing Office:
RE/MAX Platinum
Last Updated: December - 04 - 2024
Information deemed reliable but not guaranteed.