Property is IN CONTRACT with an offer in first place back-up position. Seller will consider offers in second place back-up position only.
Select Service Interior Corridor Hotel in Lincoln City
Outstanding independent boutique hotel well located at the north end of very popular Lincoln City on Highway 101 a mile from the Casino. Extensive, updated room and property amenities including flat screen tv’s, wi-fi, spa suites, meeting space and saltwater pool & spa. Shuttle to the casino for added guest convenience. Terrific location on Highway 101 on the North End of town. Well run currently, there is ample upside for a new owner and opportunity to brand if desired. Good proximity to restaurants and outlet shopping.
Lincoln City is the most popular destination on the Oregon Coast attracting hundreds of thousands of visitors each year. Host to a variety of seasonal festivals and activities, the town also features a large outlet shopping center, casino, and numerous excellent dining options.
Special Property Features Include:
- 75 Rooms & Suites
- Highway 101 Frontage
- 1.46 Acres
- Interior Corridor
- Saltwater Pool
- Meeting Space
- Casino Shuttle
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!
Please Note: Buyer’s Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op.
Location: Coast Highway
City: Lincoln City
Type: Boutique Independent
Cap Rate: 5.87%
ROI/Cash Flow: 0.58%