IN CONTRACT – Seller will consider offers in Back-Up position only.
Upscale Boutique Inn in Heart of Resort Town
Located less than 5 minutes’ walk from shopping, dining and art galleries in the downtown historic district of Silverton, this hotel features excellent boutique amenities and an on-site leased restaurant, “310 Water.” Each uniquely-decorated room at The Silverton Inn & Suites offers wood and wrought iron furniture.
The Silverton Inn and Suites is 5 minutes’ drive from the Oregon Garden. Salem is 25 minutes’ drive from the property and Silver Falls State Park is 30 minutes’ drive away from Silverton Inn & Suites. Silverton, Oregon itself is a destination vacation town offering access to the wineries and attractions of the Willamette Valley and offers a range of shops and restaurants catering to year round visitors.
Restaurant is leased for steady income stream.
Location: Resort, Rural
Type: Boutique, Independent
Cap Rate: 14.08%
ROI/Cash Flow: 42.35%