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Listed by Land and Wildlife LLC
$4,100,000
Est. payment /mo
13,150 SqFt
UPDATED:
08/02/2024 02:00 PM
Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Pending
Purchase Type For Sale
Square Footage 13,150 sqft
Price per Sqft $311
MLS Listing ID 24106408
Year Built 1903
Annual Tax Amount $5,809
Tax Year 2023
Lot Size 21.600 Acres
Property Description
WELCOME to a once in a lifetime business opportunity to own a piece of Oregon history, established in 1903 as one of the oldest resorts in the state. Odell Lake Resort is a year-round paradise LOCATED at the east end of Odell Lake, in the beautiful Deschutes National Forest and at the summit of Willamette Pass. Diamond Peak Wilderness lies adjacent providing hiking opportunities to multiple smaller lakes and access to the Pacific Crest Trail. Guests come to relax in nature and enjoy a wide range of amenities and activities including fishing, boating, mtn biking, hiking, snowmobiling, x-country skiing, snowshoeing, equine activities and downhill skiing & snowboarding, just minutes away. The resort is perfect for weddings, reunions, church groups, corporate events and retreats with multiple gathering options. You'll even find an adjacent airstrip for landing private planes. FISHING at Odell is world-class and home to the state record Mackinaw at 40 1/2 lbs. Kokanee (sockeye salmon) are plentiful along with Rainbow and other smaller fish on the shoreline. Guide services are offered along with tackle designed to successfully fish Odell. The MAIN LODGE consists of a check-in/concessions/rental area, gathering room for relaxation and a full-service RESTAURANT which seats up to 50 guests. The lakeview patio accommodates approximately 40 and the deck seats up to 80, supplying additional overflow seating for special events. ACCOMMODATIONS consist of 7 LODGE ROOMS and 14 CABINS which sleep 4 to 16 guests each, along with a CAMPGROUND consisting of 25 oversized sites; 12 of which are lakeside. Odell Lake Resort operates 365 days a year under a land lease special use permit from USFS and offers an excellent ROI at approximately 12% CAP rate. There are currently 12 winter employees & approximately 19 in summer. This special resort has been family owned for 20 years and offers an opportunity, not to be missed!
Location
State OR
County Klamath
Area _300
Zoning F
Interior
Heating Gas Stove, Wall Heater, Wood Stove
Equipment Compressor, Fixtures, FuelTank, Furniture, SmokeDetector, Sprinkler
Exterior
Waterfront Description Creek,Lake
View Creek Stream, Lake, Mountain
Roof Type Composition,Metal,Shake
Garage No
Building
Story 2
Sewer Septic Tank, Standard Septic
Water Well
Level or Stories 2
Others
Acceptable Financing Cash, Conventional, USDALoan
Listing Terms Cash, Conventional, USDALoan
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