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Lighthouse Cove Inn 460 Highway 101 22 Room Hotel Bandon, OR 97411 $3,573,994 CAD ($162,454 CAD/Room) 9.70% Cap Rate
Investment Highlights
- Walking distance to Old Town Bandon, Restaurants and Bars
- Well maintained property with fully renovated rooms including plumbing & electric
- Two managers units - One studio with kitchen and one 2b/2b apartment with kitchen
- Minutes to world class golf course Bandon Dunes
- Residence, has about 2,300sf. 3b/2.5b with a garage and back yard
Executive Summary
***Total Price Reduced By Over $630,000***
- Residence, about 2,300sf 3b/2.5b with garage and back yard, Total investment including the house $2,620,000.00.
- Prime location in the center of Bandon- Destination Oregon coast
- Minutes from world class Bandon Dunes Golf course and resort
- Minute to beaches
- 20 rooms + 2 managers apartments to be converted to rooms
- Fully upgraded internet and TV systems
- Fully renovated plumbing, electric in the last Five years
- Residence, about 2,300sf 3b/2.5b with garage and back yard, Total investment including the house $2,620,000.00.
- Prime location in the center of Bandon- Destination Oregon coast
- Minutes from world class Bandon Dunes Golf course and resort
- Minute to beaches
- 20 rooms + 2 managers apartments to be converted to rooms
- Fully upgraded internet and TV systems
- Fully renovated plumbing, electric in the last Five years
Data Room Click Here to Access
Property Facts Under Contract
| Price | $3,573,994 CAD | Lot Size | 0.94 AC |
| Price Per Room | $162,454 CAD | Building Size | 16,341 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Cap Rate | 9.70% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2019 |
| Property Subtype | Hotel | Parking Ratio | 2.12/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C-2 | ||
| Price | $3,573,994 CAD |
| Price Per Room | $162,454 CAD |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 16,341 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2019 |
| Parking Ratio | 2.12/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
Amenities
- Balcony
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $256.45 CAD | - |
1 1
Property Taxes
| Parcel Number | 1003140800 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,915,860 CAD |
Property Taxes
Parcel Number
1003140800
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,915,860 CAD
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Lighthouse Cove Inn | 460 Highway 101
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