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Listed by Windermere RE Lane County • 541-912-2679
$558,000
Est. payment /mo
5,000 SqFt
Active
45441 MCKENZIE HWY Walterville, OR 97489
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UPDATED:
12/17/2024 01:49 AM
Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $111
MLS Listing ID 24099636
Year Built 1932
Annual Tax Amount $3,039
Tax Year 2023
Lot Size 2.500 Acres
Property Description
Imagine the possibilities! This is an amazing opportunity to own the building that once housed the oldest restaurant in Lane County, the Riverside. It sits on a stretch of McKenzie Highway that yearns for a restaurant, bar and hotel. The 3 bedroom 2 bath attached apartment offers a great live/work opportunity, or a place for staff or on site chef to stay. The large dining room and separate bar area give plenty of options to let your imagination run wild. There are several income options, including the potential for lottery, 4 motel rooms, and across the highway there is even river frontage on a tax lot that is included that sits wild and natural now, but just imagine what it could be! It is a fixer and ready for your upgrades, and is priced as the fixer it is as it sits. Turn this building into your own business, or turn it into an awesome 7 bedroom house! The possibilities are endless. As the seller makes improvements the price will increase. Get in while the gettin's good and do things your way at this low price.
Location
State OR
County Lane
Area _233
Zoning RC
Interior
Heating Forced Air
Exterior
Waterfront Description RiverFront
View River, Trees Woods
Roof Type Composition
Garage No
Building
Story 2
Sewer Other, Standard Septic
Water Well
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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