In September, the Josephine County Board of Commissioners selected Scott King and Caspian Heohne of Merit Commercial Real Estate to exclusively market The Flying Lark, now owned by the county. The 36,867 square foot facility sits on 3.6 acres and is listed at $14,900,000.
The offering memorandum obtained from Merit Commercial Real Estate reveals additional details about The Flying Lark development. The building is described as a “generational opportunity to reposition an existing facility into the West Coast’s premier entertainment/hospitality destination.”
The offering memorandum notes, “The facility was designed and built with two important and valuable goals in mind: to be of the highest possible standard, and to allow easy, efficient expansion. The addition of a 200-key hotel was in the long-term plan for the property, to be attached to the West wall of the public area. To that end, the Flying Lark’s utility capacity was designed to handle significantly increased demand; 8-inch water service and sewer lines are installed and in-use. In addition, the property’s systems were designed to supply sufficient power, network capacity, and security for a full-service casino and hotel.”
Currently, the largest hotel in Josephine County is the 101-key Hampton Inn & Suites located at the north end of Grants Pass near Interstate 5.
The 22-page full-color brochure describes in words and pictures the many positive aspects of living and working in Grants Pass, Josephine County and Southern Oregon. These include the community sports complex developed by the Dutch Bros. Foundation inside the center of the Grants Pass Downs racetrack, World Class golfing locations in Southern Oregon, Southern Oregon AVA & Wine Trails, and information about the history and economy of Grants Pass and Josephine County.
The sale of the building to a for-profit company would result in the payment of more than $228,000 dollars in property taxes each year.
The offering memorandum can be viewed online at TheFlyingLarkGP.com.