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Browse More Listings in Hotel & Motel For Sale, Seaside, OR or Oregon

Hotel / Motel For Sale

Hillcrest Inn

118 N Columbia St, Seaside, OR 97138

Price:
$2,495,000
No. Rooms:
35
Building Size:
13,871 SF
Price/Room:
$71,285.71
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
2.25%
Cap Rate:
11.30%
Average Occupancy:
55%
Lot Size:
0.62 AC
Find Out More...

Last Verified 10/30/2009 Listing ID 16064481

Highlights

Classic, Vintage Beach Motel. 1/2 block to World famous Prom and beach. Repeat customers booked year in advance.
3 summer months 95-100% occupancy. Approx 55% avg occupancy year round. Adjacent 6 br Beach house, sleeps 16, great for private groups.
3 two br cottages for smaller groups. Wide assortment of other type rooms.

Block to convention center, block and a half to main st and shopping ands restaurants. NOI 11.3% , owner will consider carry

Description

Motel, 3 Cottages and 6 bedroom house that sleeps 16.

Prime Seaside location 1 block to Convention Center, 1 block to Beach and 2 blocks to downtown.

Debt & Equity Information

Actual
Year
2007
Scheduled Gross Income
$503,821
Operating Expenses
$222,010
Net Operating Income
$281,935

Description
Cottages, 3-2br, seasonal

Map of 118 N Columbia St, Seaside, OR 97138 (Clatsop County)

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Presented by

RE/MAX River & Sea

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Contact Listing Broker

Malcolm Smith (503) 738-9552

Denise O'Neil (503) 791-0493

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Created 1/19/2009

Additional Information for 118 N Columbia Street, Seaside, OR 97138

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 118 N Columbia St, Seaside, OR 97138

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Riverside Inn
$649,000
The Seaside Oceanfront Inn & Maggie's on the Prom
$2,900,000

Nearby Recently Sold Hotel & Motel propertiesSearch all recently sold commercial real estate

Full Service
Sold 1Q 2007
Full Service
Sold 2Q 2008

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Hillcrest Inn

118 N Columbia St, Seaside, OR, 97138