11942 NE Sandy Blvd - Hospitality FOR SALE


Portland, OR 97220- Parkrose
$4,600,000 USD
503-314-0527
11942 NE Sandy Blvd, Portland, OR for Sale
$4,600,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

11942 NE Sandy Blvd
Portland, OR 97220
Parkrose


HIGHLIGHTS

  • Zero deferred maintenance
  • Great pride of ownership
  • Above market fi nishes, fi xtures, and fi ttings
  • 24 guest suites
  • Three bedroom, two bath managers apartment

OVERVIEW

The Nordic Inn & Suites is an excellent-condition boutique motel in close proximity to Portland International Airport, Interstate 205, and Interstate 84.5. The property gets most of its traffic from out of state travelers and is in exceptional condition. The property could easily be converted to apartments, or extended stay Air BNB type units. Nordic Inn and Suites also offers an excellent opportunity to be re-tasked asa supportive housing community with its three bedroom, 2 bath managers unit that can be utilized for onsite staffing and services.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$910 USD /SF

# OF ROOMS

24

PRICE/ROOM

$191,667 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nordic Inn and Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

N/Av

APN/PARCEL ID

R318470

ASK ABOUT THIS PROPERTY

Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

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Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.