Homes for sale - 21501 E ODELL RD, Crescent Lake, OR 97733

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Milan Cole

mcole@jmaproperties.com +1(503) 953-3416

Listed by Land and Wildlife LLC

$ 4,100,000

Est. payment | -/mo

13,150 SqFt

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$ 4,100,000

Est. payment | -/mo

Save Virtual Tour

13,150 SqFt

Key Details

Property Type Commercial

Sub Type Hotel Motel

Listing Status Pending

Purchase Type For Sale

Square Footage 13,150 sqft

Price per Sqft $311

MLS Listing ID 24106408

Year Built 1903

Annual Tax Amount $5,809

Tax Year 2023

Lot Size 21.600 Acres

Property Description

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!

Location

State OR

County Klamath

Area _300

Zoning F

Interior

Heating Gas Stove, Wall Heater, Wood Stove

Equipment Compressor, Fixtures, FuelTank, Furniture, SmokeDetector, Sprinkler

Exterior

Waterfront Description Creek,Lake

View Creek Stream, Lake, Mountain

Roof Type Composition,Metal,Shake

Garage No

Building

Story 2

Sewer Septic Tank, Standard Septic

Water Well

Level or Stories 2

Others

Acceptable Financing Cash, Conventional, USDALoan

Listing Terms Cash, Conventional, USDALoan

Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 953-3416

mcole@jmaproperties.com

205 SE Spokane St #300, Portland, Oregon, 97202, USA

21501 E ODELL RD Crescent Lake, OR 97733