Historic Boutique Hotel with Highway 101 Frontage
The Lighthouse Inn is a 27 key, 3-story, independent boutique property situated a block from downtown Florence on the Oregon Coast. The property site has 189+ linear feet of frontage and access from Highway 101 South and a leased restaurant adjacent available for an additional $150,000. (Leased for a 5-year term.) Updated and expanded over the years, the property was renovated in 2008 and features on-going capital improvements. The property includes a large lobby with fireplace, 1 bedroom Owner’s/Manager Quarters with private entrance, deck and backyard area (expandable to 3 bedrooms with the inclusion of adjacent guest rooms), as well as a Leased Restaurant adjacent for additional income. Located near Florence’s historic Old Town/Waterfront District, The Lighthouse Inn year-round demand drivers include the beaches and the marina, seasonal open-air market, outstanding restaurants, art galleries, shops, boutiques, and the Siuslaw Pioneer Museum.
With a prime location on the Central Oregon Coast at the mouth of the Siuslaw River, Florence offers all of the region’s perks in one visit. From freshwater lakes and miles of coastal sand dunes to world-class landmarks like Heceta Head Lighthouse and the Sea Lion Caves, Florence is a favorite destination for foodies, adventurers, and dreamers.
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. Please call with questions regarding this requirement.
Special Property Features Include:
- Extensive Highway 101 Frontage
- 1 Bedroom Owner’s Quarters (Expandable to 3 bedrooms)
- Upside Potential for On-Site Owner/Operator
- 1 Block to Downtown, Near Rivers & Beaches
- Recent Capital Improvements
- Leased Restaurant Adjacent (Additional Amount)
Location: Coast, Highway
Type: Select Service, Independent, Boutique
Cap Rate: 8.95%
ROI/Cash Flow: 15.98%