21501 E ODELL RD Crescent Lake, OR $ 4,100,000
21501 E ODELL RD
$ 4,100,000
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21501 E ODELL RD

Crescent Lake, OR, 97733
$ 4,100,000
Baths0.0 Sq 13,150

Monthly Estimate*

$ 28,640

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Studio

Commercial Property for sale in Crescent Lake, OR

for $4,100,000. This 13,150 square foot building was built in 1903 on a lot size of 21.6.

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!

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Commercial Pending

Price

$ 4,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,809

Style

HotelMotel

Lot Size

21.6

Year Built

1903

Town/City

Crescent Lake

County/Region

Klamath

MLS | Web ID

24106408

Features
General
Sewer SepticTank StandardSeptic
Heating GasStove WallHeater WoodStove
Roof Composition Metal Shake
Zoning F
Construction Materials BoardBattenSiding FullBasement WoodFrame
Year Built 1903
Sale Includes Building Business Equipment
Stories 2
Property SubType HotelMotel
Tax Year 2023
Current Use HotelMotel Restaurant RVParking
Gross Income 1688330.0
Waterfront Features Creek Lake
Business Name Odell Lake Lodge & Resort
County Klamath
Operating Expense 863638.0
Property Type CommercialSale
Status Pending
Directions 75 miles from Eugene by way of Hwy 58 and 65 miles from Bend Oregon
City CrescentLake
MLS Area _300
Lot Size Square Feet 940896.0
Street Name ODELL
Listing Terms Cash Conventional USDALoan
Tax Annual Amount 5809.72
Property Condition UpdatedRemodeled
Virtual Tour https://www.youtube.com/watch?v=n8LxHoGdpj4
Days on Market 63
Standard Status Pending
Legal Description 23S 06E (TL 100-H6)
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Exterior
Parking Features OnSite
Water Source Well
Number of Buildings 23
Building Area Total 13150.0
Lot Size Acres 21.6
Road Surface Type Gravel Paved
Other Equipment Compressor Fixtures FuelTank Furniture SmokeDetector Sprinkler
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Interior
Street Suffix RD
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Internal Only
Street Number 1 21501
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* Excluded Features
List By
Land And Wildlife Llc

Broker

konni@landandwildlife.com

Email

Affordability Calculator

$29,124
Per Month
98%
2%
0%
Monthly Principal & Interest
$28,640
Monthly Property Taxes
$484
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/19/2024$4,100,000 Listed Price

Map


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21501 E ODELL RD, Crescent Lake, OR, 97733 is a Commercial Property for sale at $4,100,000 with 13,150 sqft and a lot size of 21.6. 21501 E ODELL RD is a studio with 0.0 baths and was built in 1903. The property's zip code is 97733 which is in Crescent Lake, OR