Capitol Hill Motel 9110 SW Barbur Blvd 16 Room Hotel Portland, OR 97219 $3,700,000 ($231,250/Room)
INVESTMENT HIGHLIGHTS
- Excellent condition
- Above market finishes
- Kitchenettes
- Zero deferred maintenance
- Two bedroom, two bath manager's apartment
- Garages
EXECUTIVE SUMMARY
The Capitol Hill Motel is a well-maintained boutique motel nestled in Multnomah Village with great access to Pacific Highway and Interstate 5.The property gets most of its traffic from out of state travelers and is in exceptional condition. Nine of the sixteen guest suites include a
kitchenette, and eleven have single car garages. The property could easily be converted to apartments, or extended stay Air BNB type units.
Capitol Hill Motel also offers an excellent opportunity to be re-tasked as a supportive housing community with its elegant two bedroom, 2 bath managers unit that could be utilized for onsite staffing and services.
kitchenette, and eleven have single car garages. The property could easily be converted to apartments, or extended stay Air BNB type units.
Capitol Hill Motel also offers an excellent opportunity to be re-tasked as a supportive housing community with its elegant two bedroom, 2 bath managers unit that could be utilized for onsite staffing and services.
PROPERTY FACTS
| Price | $3,700,000 |
| Price Per Room | $231,250 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 12,208 SF |
| No. Rooms | 16 |
| No. Stories | 1 |
| Year Built | 1940 |
| Tenancy | Single |
| Parking Ratio | 1.97/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 - commercial zone |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $175.00 | - |
| Guest Room | 12 | $152.00 | - |
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PROPERTY TAXES
| Parcel Number | R330761 | Improvements Assessment | $27,980 |
| Land Assessment | $0 | Total Assessment | $27,980 |
