PUBLISHED RESERVE: $158,000

LANE COUNTY 2009
REAL MARKET VALUE: $365,253

SIZE: 7,376± sq. ft. Motel on 22,226± sq. ft. site

ZONING: CRC - Rural Community Commercial District

PROPERTY INSPECTION:
  Wednesday, October 14, 11 am to 1 pm
  Friday, October 30, 11 am to 1 pm
  Saturday, November 7, 11 am to 1 pm 

FINANCING: None - All Cash

DESCRIPTION: This 7,376± sq. ft., two-story, 18-unit motel is located 25 miles south of Eugene at the I-5 Curtin Exit 163. The motel was acquired by the lender and is vacant. It was originally constructed in 1962 and 1969, with some renovations made in 2004/2006. The motel has frontage along Bear Creek Road and has an office, three bedroom/two bathroom manager's apartment with two car garage, and 13 units on the main level. There are five units on the second level. There is an entrance canopy with parking in front of the motel units. Prior to the shutdown of the motel, nightly room rates ranged from $39 to $44 and weekly rates were $110. The motel is being sold with all furnishings. Each of the motel units contains a bathroom with tub/shower. Some units also contain a small kitchenette. There is a laundry room next to the garage. Heating is electric wall units and cooling provided by window air conditioner units. There is an on-site well and septic system.

Curtin is a small community located ten miles south of Cottage Grove, within an easy commute north to Eugene or south to Roseburg. There is a pizza parlor and antique store near the motel along with a closed gas station and café. The Rural Community Commercial District zone will allow retail and commercial uses. The motel also has potential for reuse as affordable housing.

LOCATION: 455 Bear Creek Road. Map 21-04-29, Tax Lot 1400. From I-5 Exit 163, take Bear Creek Road east to the motel which is on the right.

Copyright © 2009 Realty Marketing/Northwest. All rights reserved. No part of this material may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying and recording, or by any information storage and retrieval system, without permission in writing from Realty Marketing/ Northwest.