258 14th St - Hospitality FOR SALE


Astoria, OR 97103
$2,400,000 USD
503-530-1316
258 14th St, Astoria, OR for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

258 14th St
Astoria, OR 97103


HIGHLIGHTS

  • Midscale | Limited-Service | 18 Keys + Leased Resturant for On-site F&B
  • Walkable, Downtown Astoria Location | River View Rooms | Proximity To Astoria Riverwalk
  • Exquisitely Restored Boutique Hotel with Modern European-style Cabins & River View Suites
  • Leased Restaurant (Featured On North Coast Food Trail) - 1 Lease space offers Cafe/Restaurant/Bar & Live Entertainment
  • Drive-To Demand From Portland & Seattle | High-Volume Coastal Tourism Market
  • Historic Property With Modern Amenities Including Elevator | Updated in 2021

OVERVIEW

River View Boutique Hotel in Coastal Drive-To Market The Commodore Hotel is an 18-key, historic, limited-service boutique hotel with views of the Columbia River. Located in the heart of downtown Astoria, this midscale, interior-corridor asset is less than one block from the Astoria Riverwalk. The updated hotel retains its original character while supporting a modern guest experience. The room mix includes European cabin-style rooms with shared baths, appealing to budget-conscious travelers, and traditional river view suites with private baths. A leased street-level restaurant and bar provides on-site food and beverage service and predictable lease income. The central location supports steady year-round drive-to leisure demand from the Portland and Seattle-Tacoma metro areas. Detailed information is available: https://crystalip.com/listings/CHAO25-Commodore-Hotel/ IMPORTANT: Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES! Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$214 USD /SF

# OF ROOMS

18

PRICE/ROOM

$133,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commodore Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joseph KennedyCrystal Investment PropertyMore Info
503-530-1316

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

Joseph KennedyCrystal Investment PropertyMore Info
503-530-1316

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