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Regency Inn 1152 Main St

25 Room Hotel Springfield, OR 97477 £2,545,725 (£101,829/Room)

Investment Highlights

  • 13,617 SF building with 25 keys and a one-bedroom managers apartment
  • Zoned CC for versatile use
  • Modern amenities and attractive ambiance
  • Built in 1985, renovated in 2023
  • Ideal location in Eugene Springfield MSA
  • Very well-maintained

Executive Summary

The property is a compelling investment opportunity boasting a 13,617 SF building with 25 keys and a one bedroom managers apartment; this well maintained asset is primed for success. The building was renovated in 2023 and offers modern amenities and a desirable ambiance. Zoned CC, it presents versatile potential for a variety of uses. The property performs well as is but there is significant room for growth, making this an attractive prospect for hospitality and limited-service investor/operators seeking a lucrative venture with ample potential.
Located in the vibrant Eugene-Springfield Metropolitan Statistical Area, the property at 1152 Main St, Springfield, OR, 97477, offers an enticing investment opportunity for hospitality investors. With close proximity to the dynamic downtown area, tenants can enjoy convenient access to a plethora of dining, shopping, and entertainment options. The region is also graced with picturesque outdoor spaces, such as the beautiful Willamette River and the serene Dorris Ranch. Additionally, the area hosts a robust business community with prominent employers and a strong talent pool. With its strategic location, proximity to the University of Oregon campus, and thriving surroundings, this property presents an exceptional investment prospect in the heart of the Eugene-Springfield MSA.

Property Facts

Price £2,545,725
Price Per Room £101,829
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.58 AC
Building Size 13,617 SF
No. Rooms 25
Number of Floors 1
Year Built/Renovated 1985/2023
Tenancy Single
Parking Ratio 0.73/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • High Speed Internet Access
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 25 £90.08 -
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0316792
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£634,421

zoning

Zoning Code CC
CC
  • Listing ID: 33885449

  • Date on Market: 15/11/2024

  • Last Updated:

  • Address: 1152 Main St, Springfield, OR 97477

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