Located in the High ated in Cascades of Central Oregon FOR SALE Willamette Pass Inn & Chalets Crescent Lake, OR PRICE REDUCED! 19821 HWY 58 Crescent Lake, OR 97733 Combination of 13 rooms in the Inn and 10 Chalets, of which 6 chalets are individually owned and ground leased and 4 are fully owned by the resort Approximately 11.98 acres of fee simple land (Owner owns land). One of a very few comparable resorts in Oregon that are not on leased Forest Service land Land ready and available for another 12 chalets to be built with utility infrastructure already in place. Chalets can be retained or sold individually Numerous upside opportunities up to 12 more Chalets or large additional building, other options available as infrastructure in place for future growth The Resort is very well maintained with no known deferred maintenance Sale Price: $1,433,000 $1,195,000 PENNINGTON REALTY, INC. 1144 Gateway Loop Suite 205 Eugene, OR 97401 Office: 541-344-5959 Cell (John): 541-579-4600 Cell (Jack): 541-513-0918 Email: jack@jpennington.com Email: John@jpennington.com JACK PENNINGTON JOHN PENNINGTON, CCIM This information has been secured from sources deemed to be reliable. However, no warranty is made by Owner or owner s agent as to the accuracy thereof and is subject to changes, errors, and omissions
Improvements The Inn: 13 Rooms 10 Large Rooms that can accommodate up to four people and 3 extra-large rooms that can accommodate up to six people. All rooms have fully equipped kitchenettes and most rooms have wood burning fireplaces. All rooms are larger than standard hotel rooms 10 Chalets The Chalets at the Willamette Pass Inn o Six Chalets are individually owned on land ground leased from the resort. Owners pay ground lease, SAT TV, electric and propane costs (presently $350/month). Four of the privately owned chalets are in the Resort s rental pool and a percentage of the income is retained by the resort o 4 Chalets are owned by the resort and included in the sale o Other 2 Chalets are individually owned and used by the owner s only (not rented) Land ready and available to build up to 12 more chalets with underground utilities (septic / electric / propane / water) already in place and drain field approved and installed
Employee Housing Manager s apartment attached to front office and lobby o Turnkey large living room, large bedroom, full kitchen and bath with outdoor covered patio. Fully furnished to include 42 flat screen TV Employee Housing #1 Turnkey 12 x 50 one-bedroom mobile home undercover, fully furnished to include TV and satellite Employee or rental housing #2 Turnkey 14 x 55 two-bedroom manufactured home, fully furnished including wood burning stove and TV and satellite Storage Buildings One metal roofed, cement floored storage building split into 5, 15 x 25 units with 14 x 19 sliding metal doors. Currently one is converted to an office, two are rented to snowmobilers and two are used as storage for the Inn 10 x 30 storage trailer Infrastructure 2 wells 1 is rated at 60 gallons per minute and the other is capped at 60 gallons per minute but is capable of 60+ gallons per minute 100 KW Generator Under cover with automatic transfer switches 50 gallon diesel tank under cover by generator
Miscellaneous Commercial Laundry o Speed Queen 60 Commercial washer and Speed Queen 75 Commercial Dryer Both five years old Guest Laundry o 2 Speed Queen Commercial coin-operated washers and 2 Speed Queen coin-operated commercial dryers Both sets five years old
WILLAMETTE PASS INN Tax lots: 2406-01AA-900 & 2407-006B0-400 Klamath County Property taxes: $13,546 (2017)
Personal Property General Shop Supplies o 650-amp portable Generac Generator, compressor, portable 600-amp battery jump starter, battery charger, two blowers, Stihl chainsaw with extra chains, half inch corded drill, 2 portable 3/8 drive drills with extra power packs, many drill bits, 5 drawer stand-up tool chest filled, large and small shop vacs, 10 heavy duty extension cords 25 to 100 and assorted parts and supplies. Electrical Supplies o Back-up wall heaters, back-up portable room heaters, multiple back-up bulbs for all fixtures in rooms and Chalets, back-up lamps, shades and parts. Back-up outlets, covers and switches. Back-up toasters, coffeemakers, fans, etc. Plumbing Supplies o Back-up toilet insides, sink/faucet parts and back-up shower heads, etc. Outside Equipment o John Deere 3320 10-year-old front loader with rear leveler, 60 snow blower attachment o White 24 ton log splitter o 100KW Diesel Generator for Inn and Chalets with 60 gallon tank. o 250 gallon holding tank with electric pump set next to generator. o Riding lawn mower 42 Craftsman, 4 wheel walk behind Craftsman o 1996 Ford Explorer with extra set of snow tires, completely outfitted with shelves and containers to clean and refurbish Chalets 1000 roll spare satellite coax cable 4 Patriot brand mosquito magnets for mosquito control ($500 each) Chalet snow shovels
Property Highlights Winter The Willamette Pass Inn is perfectly positioned to take advantage of a multitude of outdoor activities year-round In the winter, guests can enjoy downhill skiing at Willamette Pass Ski Resort (7 miles), exploring the multitude of lakes and mountains using the hundreds of miles of snowmobile and cross-country skiing trails, or simply by relaxing in their rooms next to the wood burning fire place. During the winter the resort is well plowed and there is plenty of room for trailers and snowmobile parking.
Summer During the summer, the Willamette Pass Inn is a great place to stay to go fishing, hiking, swimming, boating and mountain biking in the remarkable beauty of Oregon s High Cascades. Within minutes of the Inn are Crescent and Odell Lakes as well as dozens of high mountain lakes like Davis Lake, Wickiup Reservoir, Waldo Lake, Crane Prairie Reservoir and many others. The famous Pacific Crest Trail is very close as well. Property Website: www.willamettepassinn.com
Spring During the spring, the resort is primarily booked up by fisherman looking to take advantage of the start of the season at Odell, Crescent, Wickiup and Crane Prairie lakes and reservoirs. WILLAMETTE PASS INN
Fall Fall is the start of the hunting season in Oregon and the Willamette Pass Inn sits right in the middle of Oregon s premier deer and elk hunting territories
Financial 2017 *** Due to forest fire smoke through much of the summer of 2017, there were numerous reservations cancelled and as such both the gross revenue and net income were down from 2016 totals.
Financial - 2016
Inn Chalets WILLAMETTE PASS INN Distance to: Crescent Lake / Odell Lake 5 Minutes Numerous other nearby lakes including Waldo, Diamond, Crater Willamette Pass Ski Area La Pine Bend Eugene 7 miles 32 miles 62 miles 75 miles
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