Hospitality Business for Sale in Enterprise, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Enterprise, OR 97828
  • Year built: 1998

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Ponderosa Motel (‘Hotel’ or ‘Property’) located at 102 East Greenwood Street in Enterprise, Oregon. This economy, independent motel is offered at $2,800,000 or $84,848 per key. The Property features 33 guest rooms and is situated on approximately 0.61 acres, encompassing approximately 11,000 square feet. Originally constructed in 1998, the Hotel includes an eight-room addition completed in 2008, expanding its capacity and revenue potential. The site offers 36 on-site parking spaces plus additional street parking, with a shed currently covering approximately one and a half spaces. Moreover, the Ponderosa Motel provides in-room refrigerators and microwaves, enhancing its appeal for extended leisure stays and outdoor recreation travelers seeking flexible lodging options. Strategically positioned in the heart of downtown Enterprise, the Property is located next to the Historic Wallowa County Circuit Courthouse, offering one of the best locations in the market. Its central positioning provides walkable access to local shops, dining, and community events while serving as a gateway to the broader Wallowa County recreation region. Enterprise benefits from strong leisure-driven demand tied to Wallowa Lake, one of Oregon’s most celebrated outdoor destinations and part of the region commonly referred to as one of the “Seven Wonders of Oregon.” The lake area attracts millions of visitors annually and offers boating, fishing, hiking, and scenic tourism throughout the year. The Wallowa Mountains, located approximately ten minutes from the Property, provide sweeping alpine scenery and outdoor adventure opportunities, including the Wallowa Lake Tramway, the steepest aerial tramway in North America, which offers panoramic 360-degree views of the surrounding peaks. The area’s tourism demand is further supported by a robust calendar of regional events and attract

Market Context

This hospitality in Enterprise, OR is listed for sale. It is offered at an approximate 11.9% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1998. It has been on the market for 52 days. Compare it against other hospitality listings for sale in Enterprise, OR — <a href="/search/sale/hospitality/oregon/enterprise">view the full market</a>.

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