The Waldport Inn 190 SW Highway 101 18 Room Hotel Waldport, OR 97394 $2,650,000 ($147,222/Room)
INVESTMENT HIGHLIGHTS
- Chandler Building - mixed use retail / apartment building
- Prime location in Central Oregon Coast area
- Desirable location for tourists and visitors
- 2 leased commercial spaces and 5 apartment / Airbnb units
- Multiple revenue streams
- Proximity to popular local attractions
EXECUTIVE SUMMARY
*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.
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.
PROPERTY FACTS
| Price | $2,650,000 |
| Price Per Room | $147,222 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 12,373 SF |
| No. Rooms | 18 |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2016 |
| Parking Ratio | 0.81/1,000 SF |
| Corridor | Exterior |
| Zoning | DD |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $139.00 | - |
| Guest Room | 15 | $99.00 | - |
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PROPERTY TAXES
| Parcel Number | R280680 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $789,210 |
