20300 NE Highway 240 - Hospitality FOR SALE


Newberg, OR 97132
$3,750,000 USD
503-538-4531
20300 NE Highway 240, Newberg, OR for Sale
$3,750,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

20300 NE Highway 240
Newberg, OR 97132


OVERVIEW

Rare opportunity to acquire an 8 bed, 8 ½ bath turnkey country B&B on 9.93 lush acres at the base of the Dundee Hills, nestled in the heart of Oregon’s Willamette Valley wine country & central to Metro Portland & the Oregon coast. The Inn itself is a destination location w/exquisite coastal, Mt Hood, Jefferson, & Chehalem Mountain views, surrounded by farms, quaint towns & the valleys best vineyards, wineries, tasting rooms, breweries & distilleries. Lakes, rivers, parks, golf courses, tree parks, hiking & bike trails abound for the outdoor experiential traveler. Spas, restaurants, shopping, museums & abundant day trips await guests or tempt them w/peace & serenity as they relax at the Inn, oozing bucolic charm w/elegantly appointed suites, new tiled baths & views out every window. Amenities include grand open communal rooms, wood burning fireplace, balconies decks & patios, 2000 sq ft recreation/media room & well-appointed meeting space w/barn doors & exposed ceiling, wood paneling & ½ bath. Retractable glass doors from both spaces open to central courtyard. A separate & luxurious wine tasting room w/wine bar & 294 bottle wine cellar, dedicated exercise room, cozy outdoor sitting areas w/water features, fire pits & pergolas, bocci ball court, gardens & grape vines complete the outdoor guest space. Locals & Worldwide travelers alike have made this Inn a staple for agritourism, ecotourism, adventure, wildlife, and rural tourism as well as business & personal retreats, special events & romantic getaways. Over $550K in upgrades & remodeling. Well-appointed granite kitchen w/stainless appliances, eating area w/ bay window & slider to deck, gas cook island, huge pantry & two laundry areas. Property wide wireless internet. Plentiful parking w/electric vehicle station, owned solar panels for supplemental power, garage w/lift door, 6 rows of vines & caretakers suite. Price includes all FF&E & OS&E w/established clientele data base. Multiple income opportunities await!

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$511 USD /SF

# OF ROOMS

8

PRICE/ROOM

$468,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Setting Inn Willamette Valley

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

18

LAND DETAILS

LAND ACRES

9.93 AC

LAND SF

432,551 SF

ZONING

AF10

APN/PARCEL ID

69972

ASK ABOUT THIS PROPERTY

Kelly HagglundThe Kelly Group Real EstateMore Info
503-538-4531

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Kelly HagglundThe Kelly Group Real EstateMore Info
503-538-4531

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