Building Details:
• Year Built: 1946
47487 Highway 58 is an office property located in Oakridge, OR. The property currently has 1 office space for lease and is marketed by .
Oakridge, Oregon is a small rural community located in the foothills of the Cascade Mountains. The economy of Oakridge is primarily based on tourism and recreation. The area boasts 350+ miles of mountain bike trails on over 35 separate routes in varying degrees of difficulty. A study completed by the International Mountain Bicycling Association in 2014 estimated that the direct economic impacts of mountain biking in Oakridge to be between $2.3 and $4.9 million.
The subject property has undergone substantial improvements in the past 15 years, to include an increase in room count from 9 to 13. Each room is unique, clean and well appointed for both short and medium stay guests. The adjacent storage units serve as a secure place for guests visiting with bicycles to store their belongings while not incurring damage inside of the guest rooms.
The property boasts 260 feet of Highway 58 frontage, and offers 72 storage units in addition to the 13 motel rooms. The storage units have remained at or above 90%+ occupancy over a 15 year period, generating a steady stream of relatively passive income in addition to the motel. Please do not disturb the operator, contact listing office for more information or to tour the property.
- Available Spaces
Suite | Space Type | Pricing | Size |
---|---|---|---|
--- | Office Space | For lease: Per Person Pricing | |
Cascade Motel and Storage is a family-owned business located in the heart of Oakridge, Oregon. The motel offers 13 comfortable and affordable... show more » View Details
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