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7100 Old Highway 99 S - Callahan's Mountain Lodge
23,632 SF Hospitality Building Offered at $5,500,000 at a 9.64% Cap Rate in Ashland, OR
- Popular Resort with Restaurant, Bar & Lounge
- Banquet & Event Spaces in Tourist Destination
- Spacious Detached Owner’s Quarters
- Direct I-5 Off-Ramp Exposure & Access
- Approved for Additional Cabins & Camping
- Located at Base of Mount Ashland Ski Resort
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.
- Laundry Facilities
- Community-Wide WiFi
- Flat Screen TVs
About 7100 Old Highway 99 S , Ashland, OR 97520
9.64% Cap Rate, 19.43% ROI & 2.82 GRM Upscale Resort & Restaurant Located in Beautiful Southern Oregon Callahan’s Mountain Lodge is a full service, upscale resort ideally situated off of the I-5 corridor. Built in 2008, this 23 key resort features fireplaces, spa tubs, and private decks on 47.8 acres. Callahan’s 4500 sq.ft. restaurant includes a bar and lounge, indoor and outdoor dining, as well as 1800 sq.ft. banquet facilities for 200 guests with a double-sided wood burning fireplace. The Lodge currently offers full service weddings and receptions (up to 250 guests), as well as flexible event areas perfect for corporate and group events year-round. Located on the Pacific Crest Trail, and at the base of Mt. Ashland Ski Resort, the Lodge is a popular destination stop. Hikers may enjoy guest laundry, showers, camping area, and a hot meal. Room for expansion with 200 more campsites, and 9 permitted cabins (not built). This property also features a 2100 sq.ft. (approx.) residence, with 3 bedrooms, 2 bathrooms perfect for Owner/Operator, or for Manager’s Quarters. Guests here enjoy easy access to downtown Ashland’s Shakespeare Festival, museums, fine dining, shopping, and the unspoiled beauty of Southern Oregon. Location: Ashland is a cultural hot spot, with award-winning galleries, theaters, and restaurants bursting from its seams. Nestled at the base of the Siskiyou and Cascade mountain ranges, Ashland has a reputation for great outdoor recreation in the city limits and beyond. Outdoor activities include the famous Mt. Ashland Ski Area nearby, biking, river rafting, and hiking the Pacific Crest Trail. Ashland is home to the world-famous Oregon Shakespeare Festival and ranked in the top 10 of “The 100 Best Small Art Towns in America” according to Travel Oregon.
Financial Summary (Actual - 2018)
|Annual||Annual Per SF|
|Gross Rental Income||-||-|
|Effective Gross Income||-||-|
|Net Operating Income||$530,181||$22.43|
Rogue Valley International-Medford Airport
|36 min drive||26.8 mi|
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