34910 Highway 53 - Hospitality FOR SALE


Nehalem, OR 97131
$2,150,000 USD
503-812-8423
34910 Highway 53, Nehalem, OR for Sale
$2,150,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

34910 Highway 53
Nehalem, OR 97131


HIGHLIGHTS

  • Completely and thoughtfully renovated
  • Direct access to the Nehalem River
  • 2 lots, one has no building

OVERVIEW

This property is a remarkable piece of Nehalem's history meticulously transformed into a model for modern living. Situated on the banks of the Nehalem River, less than 2 hours from Portland and 5 minutes to the Pacific Ocean, this historic gem underwent an intensive and exhaustive remodel from 2021 to 2023. Every aspect of the property, inside and out has been completely revitalized. The interior was taken down to the studs, leaving only the wood floors, which have been professionally refinished, creating a harmonious blend of old-world charm and contemporary elegance. Every detail was considered, from the bathroom’s heated slate floors and custom vanities to marble and stone showers. Each room has a custom kitchenette with waterfall butcherblock countertop, board-and-batten wood detail, and live-edge wood shelves and headboards. The furnishings selected are a combination of new, high-end furniture and beautiful antiques. Interior Renovations: Upgraded electrical, from the pole to the outlets New/upgraded water throughout New mineral wool insulation Level 5 wall texture (smooth) New water heaters Some of the brands used in furnishing: Blu Dot Pottery Barn Joss & Main Crate & Barrel West Elm Polywood Kohler The exterior has also undergone a complete facelift. The original roofline was re-established and exterior siding modernized with a combination of cement board-and-batten and cedar shingles. New Trex decks overlook the beautiful, easy-to-maintain landscaping bordered by large boulder walls. Three large coastal spruce trees surround the property. Exterior Renovations include: Complete waterproofing and drainage Gutters New roof New decks Exterior doors and windows Removal of invasive and overgrown landscaping There are several areas of this property which can be easily customized to meet buyer’s needs. There is over 900-sf of unfinished space in the main building to customize for your use of the property. Located on the east side of the building, with up to __’ ceilings, the space could be easily developed into a restaurant, common space, additional room, or could be combined with an existing room to create an expansive primary living space. In addition, there is a large piece of property to the east, which is ripe for development or further utilization. There are also grandfathered-in pilings on the Nehalem River, offering the option for a dock (buyer to confirm; a rare and likely unobtainable feature for other properties on this river). This is a once-in-a-lifetime opportunity to own a piece of history with the comforts of modern living. This property is ready to welcome its next owner to enjoy the serene beauty of the Nehalem River and the comfort of this masterfully renovated historic property. Don't miss your chance to make this your own. Contact us today to schedule a private viewing and experience the magic of the Nehalem River Inn for yourself.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$435 USD /SF

# OF ROOMS

6

PRICE/ROOM

$358,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nehalem River Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C2

APN/PARCEL ID

R0292560

ASK ABOUT THIS PROPERTY

Valerie SchumannBerkshire Hathaway HomeServices NorthwestMore Info
503-812-8423

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Valerie SchumannBerkshire Hathaway HomeServices NorthwestMore Info
503-812-8423

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