345 NW 2nd St - Hospitality FOR SALE


Corvallis, OR 97330
$7,500,000 USD
503-314-0527
345 NW 2nd St, Corvallis, OR for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/5
null | 4.36% Cap Rate

345 NW 2nd St
Corvallis, OR 97330


HIGHLIGHTS

  • Restaurant with Six- One bedroom apartment units above
  • Close proximity to restaurants, brew pubs, and coffee shops
  • Adjacent to the Willamette Riverfront Park
  • Close to Oregon State University Campus
  • Rodeway Inn and Chine Delight Restaurant can be purchased togetherat a listing price of $8,400,000.00
  • Rodeway Inn can be acquired separately for $7,000,000.00 and China Delight for $1,400,000.00

OVERVIEW

The Rodeway Inn Willamette River offers a unique investment opportunity in Downtown Corvallis and home to the Oregon State University. The property includes a 63 unit, two story, interior corridor hotel building. The room types include four King size family suites with jetted spa baths, King single rooms, Queen single rooms, and Queen double rooms. A separate managers office building also includes a four bedroom, two bath managers apartment. In addition, there is a separate commercial building that houses the China Delight Restaurant and Lounge, a Corvallis fixture for more than two decades and six one bedroom, one bath apartment units above the restaurant and lounge. The hotel and restaurant can be acquired together or separately.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$339 USD /SF

# OF ROOMS

67

PRICE/ROOM

$111,940 {currency}

CAP RATE

4.36%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Willamette River

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,601 SF

ZONING

CMU-3

APN/PARCEL ID

122758,122766,122790,122808,122816

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.