1823 N Coast Hwy - Hospitality FOR SALE


Newport, OR 97365
$3,950,000 USD
503-577-7710
1823 N Coast Hwy, Newport, OR for Sale
$3,950,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

1823 N Coast Hwy
Newport, OR 97365


OVERVIEW

Newport Inn & Suites by OYO is a recently renovated 49-unit economy motel located on Hwy 101 in the popular tourist town of Newport, OR. This interior/exterior corridor property consists of 2 buildings originally built in 1950 and 1987. The main building was fully renovated in 2020 and recent renovations to the second building were completed in the last couple years. This pet-friendly hotel includes a customer lobby, business center, laundry facilities and free guest parking and each guestroom offers modern amenities such as cable flat-screen TVs and high-speed internet.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$218 USD /SF

# OF ROOMS

49

PRICE/ROOM

$80,612 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newport Inn By OYO - Hwy 101

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-1

APN/PARCEL ID

R250819

ASK ABOUT THIS PROPERTY

Brian Resendez, CCIMNW Hotel AdvisorsMore Info
503-577-7710

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Brian Resendez, CCIMNW Hotel AdvisorsMore Info
503-577-7710

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