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Biggs Junction auction is Friday

NUVU MOTEL in Biggs is for sale.	Contributed image


NUVU MOTEL in Biggs is for sale. Contributed image



A substantial part of Biggs Junction is up for sale at auction May 17 and potential bidders have a chance to see the property this Friday.

A single owner is selling both the 18-unit Biggs Nu-Vu Motel, a 2.76-acre commercial site with a home and rental unit, and a 4.75-acre commercial site in two tax lots.

“We are selling them for a private party who just wants to clean up his real estate portfolio,” said John Rosenthal, president and Oregon broker of Realty Marketing/Northwest.

The property has all been on the market for some time and the reserve asking prices are low, Rosenthal noted:

• $275,000 for the motel on the .85-acre site with a net operating income of $42,200;

• $100,000 for the smaller commercial property with house and rental with is the site of the form Biggs Motel that burned in February, which also includes a site that has been used for RV spaces; and

• $197,000 for the larger commercial site.

Financing is all cash.

At the open house, people can go through the rooms at the Nu-Vu, a mid-century modern motel and obtain bid packages and a catalog of all the properties up for auction. Or view the property photos and details online at www.rmnw-auctions.com.

Realty Marketing/Northwest has been in business about 28 years and sold a number of large properties, including 18,000 acres of timber land in Eastern Oregon sold by Hood River County.



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