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Hotel Condon


Condon, OR   Offered for sale at $995,000
 


Historic Hotel Condon.
For sale is an 18 room 15,060 square foot Hotel on a 10,000-square foot commercial lot located at 202 South Main Street in Condon, Oregon. The Hotel has a beautiful large dining room plus fully refurbished kitchen with all needed furniture, fixtures, and equipment, plus a nice bar, and a very attractive entry, front desk, and waiting area. There is also a full basement for potential offices and storage. The rooms are beautifully updated and fitted with quality furnishings, bedding, and art work. Better described as Lots 11 and 12, Block 39, Addition East, City of Condon, County of Gilliam, State of Oregon. Estimated value $850,000.

Residential Lot Included. A 10,000-square foot lot adjacent to the Hotel to the East is included as part of the sale. This lot could be developed for additional parking, storage, or services for the Hotel or just held for appreciation. Better described as Lots 9 and 10, Block 39, Addition East, City of Condon, County of Gilliam, State of Oregon. Estimated value $20,000.

Single Family Home. The sale also includes a 1,410-square foot single family home located near the Hotel to the East, property address: 204 South Ward Street, Condon, Oregon. This is a single level ranch style home on a 10,000-square foot lot with attractive covered patio in good condition. Better described as Lots 11 and 12, Block 39, Addition East, City of Condon, County of Gilliam, State of Oregon. Estimated value $125,000.The house is currently used as a residence for the Hotel Manager and is available as part of the Purchase Price. The manager has agreed to move out on the sale of the Hotel but would like to stay on as both occupant/Lessee of the house and Manager of the Hotel.



Property Details
Financial Details
  • Offered for sale at $995,000
  • Occupancy Rate: 30% estimated
  • Average Daily Rate: $120
  • Terms: call listing agent for details
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