190 SW Highway 101 - Hospitality FOR SALE


Waldport, OR 97394
$2,650,000 USD
503-577-7710
190 SW Highway 101, Waldport, OR for Sale
$2,650,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

190 SW Highway 101
Waldport, OR 97394


HIGHLIGHTS

  • Chandler Building - mixed use retail / apartment building
  • 2 leased commercial spaces and 5 apartment / Airbnb units
  • Prime location in Central Oregon Coast area
  • Multiple revenue streams
  • Desirable location for tourists and visitors
  • Proximity to popular local attractions

OVERVIEW

*THIS IS A CONFIDENTIAL SALE AND WE RESPECTFULLY REQUEST THAT ALL INQUIRIES BE ADDRESSED THROUGH BRIAN RESENDEZ AND JOSEPH AISTON. PLEASE DO NOT ENGAGE EMPLOYEES OR INTERRUPT NORMAL BUSINESS OPERATIONS.* Introducing a combined hospitality and retail investment opportunity in Waldport, OR. This offering includes The Waldport Inn, a 17-unit exterior corridor motel, built in 1962 and fully renovated in 2016. With approximately 100 feet of frontage along iconic Highway 101 on the Central Oregon Coast this property boasts an excellent location. This exclusive listing also includes the Chandler Building located directly across the street. Originally built in 1978, this property includes 2 leased retail spaces, 2 studio apartments, 1 one-bedroom apartment that can be converted to Airbnb, and 2 apartments currently used for Airbnb (1 three-bedroom Airbnb and 1 one-bedroom Airbnb). With its strategic location and varied income streams, these investment properties are a standout opportunity for investors in this growing market.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$214 USD /SF

# OF ROOMS

18

PRICE/ROOM

$147,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Waldport Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

DD

APN/PARCEL ID

R280680

ASK ABOUT THIS PROPERTY

Brian Resendez, CCIMNW Hotel AdvisorsMore Info
503-577-7710

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Brian Resendez, CCIMNW Hotel AdvisorsMore Info
503-577-7710

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