3510 NE Highway 101 - Hospitality FOR SALE


Lincoln City, OR 97367
$1,590,000 USD
503-737-8038
3510 NE Highway 101, Lincoln City, OR for Sale
$1,590,000 USD
Hospitality - FOR SALE
1/34
null | Request Cap Rate

3510 NE Highway 101
Lincoln City, OR 97367


HIGHLIGHTS

  • Roof replaced in 2021
  • Rooms & house were completely remodeled down to the studs 2019-2023 Everything new including plumbing, electrical, heat
  • Bathrooms reconfigured to meet current building codes
  • Zoning - G-C
  • Possibility to change occupancy to Multi-family complex (buyer to do own DD)
  • * 81 acres * Tax ID: R44016 * www.hotellincolncity.com

OVERVIEW

Recently remodeled 18 room motel situated less than 1/2 mile to the beach and to Chinook Winds Casino. Also, has a 1200sf, 3 bed, 1.5 bath single family residence on the property (manager's residence).

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$273 USD /SF

# OF ROOMS

18

PRICE/ROOM

$88,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sea Echo Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

G-C

APN/PARCEL ID

R44016

ASK ABOUT THIS PROPERTY

Jorie GirodColdwell Banker Professional GroupMore Info
503-737-8038

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Jorie GirodColdwell Banker Professional GroupMore Info
503-737-8038

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