431 NE Multnomah St - Hospitality FOR SALE


Portland, OR 97232- Lloyd District
$4,500,000 USD
503-233-7933
431 NE Multnomah St, Portland, OR for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

431 NE Multnomah St
Portland, OR 97232
Lloyd District


OVERVIEW

For Sale by owner, 80 room motel, with 37 years left on the ground lease. Indoor heated pool (currently closed), breakfast room, meeting room. Land could be purchased for additional (2.5 million) two and a half million dollars to make it fee simple.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$116 USD /SF

# OF ROOMS

80

PRICE/ROOM

$56,250 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Quality Inn Downtown Convention Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,100 SF

ZONING

N/Av

APN/PARCEL ID

R182192

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503-233-7933

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uresh patelRokk - Quality Inn Downtown Convention Center P...More Info
503-233-7933

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