88875 Bay Berry Lane, Florence, OR 97439
$1,700,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
261,796
Status:
Closed
Current Price:
$1,700,000
List Date:
1/04/2016
Last Modified:
11/01/2024
Overview
Description
Listing Details MLS# 102961672
General Property Information
- # of Units Total
- 10
- Year Built
- 1950
- Zoning
- CR
- Tax Annual Amount
- 9983
- Tax Year
- 15
- Sign On Property YN
- No
Property Features
Construction Materials:
Frame
Heating:
Electric
Roof:
Metal
Business Type (AKA Sub Type):
Hospitality
Water Source:
Public
Documents on File:
Profit and Loss Statement; Rental Agreement
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 88875
- Street Name
- Bay Berry
- Street Suffix
- Lane
- County
- Lane
- State
- OR
- Postal Code
- 97439
Contract Information
- Original List Price
- 1995000
- Listing Contract Date
- 2016-01-04
Remarks and Miscellaneous
- Public Remarks
- BY APPOINTMENT ONLY-A healthy lifestyle, a beautiful location. Located 5 mi north of Florence, OR and 4 mi inland, just out of the coastal fog & wind, yet an easy 10 minutes to the beach or town. This serene property has been owned & operated by the same family for over 50 yrs. Mercer Lake Resort is the only commercial property on the lake. Asking price includes the beautiful owners home which boasts a fantastic view. There are 10 Cabins, an RV/Mobile Home Park, Marina W/30 slips, boat ramp, and fuel. This pristine lake is surrounded by native flora/fauna. The relaxed atmosphere is like taking a step back in time and can't truly be appreciated until you experience it for yourself.
- Directions
- From Hwy 101 North of Florence to right on Mercer Lake Road. Resort sign will be on your left at about 1 mile.
Status Change Information
- Close Date
- 2017-09-29
- Under Contract Date
- 2017-08-03
- Status Change Timestamp
- 2017-10-02
- Close Price
- 1700000
More Information
Income and Expenses (Annual Amounts)
- Cap Rate %
- 6
- Cap Rate Basis
- Current
- Net Operating Income
- 132063
Listing Office:
John L. Scott Ashland
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.