Property details for 476 N Main Street, Ashland, OR 97520

Dynamite Opportunity in the Heart of Ashland! *Offered for $949,000 all cash, or $995,000 owner-financed*. Own a charming & popular Ashland hospitality business w/long-standing, repeat clientele & solid net operating income (8+% cap rate). The historic Manor Motel & Auto-Court features 12 Calif-style bungalows (1-2 BRs ea, 7 w/full kitchens, 7 garages, 1 apt suite w pvt backyard) plus a 3BR Owner's or Mgr's residence (or as add'l guest lodging/rental income). Sited on .46 acre w/lovely mature landscaping & a tree-canopied courtyard w/outdoor picnic area, this charming hideaway is just a few blocks from Ashland's famed Plaza, restaurants, theatres, galleries, shops & Lithia Park. (Arch. plans avail. for possible expansion/remodel). Refinished/refurbished Jan-May 2015. *Seller will finance 3-5 years at 5%/yr w/$600K down + verification of buyer's financial qualifications. Under current family ownership for over 20 yrs, owner retiring. By Appt only: Barbara Argento,541-621-5393