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1200 Highland Ave

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1200 Highland Ave

1200 Highland Ave, Enterprise, OR 97828
Hotel/Motel For Sale Available Cap Rate 11.38% Built 1997 2 floors Zoning: R-3
Asking Price
$7,000,000
Total Building31,158 SF
Available31,158 SF avail
Land129,373 SF land
ConstructionFramed
MarketNot Assigned
CountyWallowa

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
289240
Listing ID
703374
Type
Hotel/Motel
Asset Class
Hotel/Motel
Zoning
R-3

Description

Freshly Branded Turnkey Franchise Hotel11.38% Cap Rate, 17.82% ROI, & 4.09 GRM (Actuals)SureStay Plus by Best Western Enterprise is a 53-key, select-service, economy hotel in Enterprise, Oregon. Extensively renovated in 2023, the property features an interior corridor layout with updated public spaces, including a lobby with a stone fireplace, an indoor pool, a spa, a sauna, a fitness room, a guest laundry, and a business center. A flexible 930 sq. ft. meeting room accommodates up to 58 guests and doubles as the breakfast area. The hotel offers a diverse room mix, strong highway visibility, ample parking, and on-site owner/manager quarters. Its elevated setting offers views of the Wallowa Valley and Eagle Cap, allowing for tiered pricing. This turnkey asset is backed by Best Western’s global distribution and a #1 TripAdvisor ranking, with rebranding flexibility and year-round demand in a resilient outdoor market.Investment Highlights:--Outdoor Recreation Destination--Interior Corridor with Meeting Space--Extensive Updates Since 2023--#1 Hotel On TripAdvisor--Strong Brand Recognition & Loyalty--Year-Round Demand DriversBuilding size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

Listing Courtesy of:

MK
Michelle Kennedy
Crystal Investment Property LLC
600 NE 99th Street,
Vancouver, WA 98665
State: OR City: Enterprise ZIP: 97828 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.