Oceanfront Boutique Motel with Spectacular Views
The Edgecliff Motel is a classic 54-key boutique hotel well situated on Highway 101 in the heart of popular Lincoln City. Two fee simple tax parcels totaling approximately 1.42 acres may offer additional opportunities for expansion.
This lovely property welcomes visitors to a spectacular view 100 feet above the crashing surf and white sandy beaches of the Pacific Ocean. Just a short walk down a quiet residential street brings guests to miles of beaches while the property itself provides guests with sweeping ocean and sunset vistas from most rooms as well as the common area deck.
The seven buildings which comprise the Edgecliff Motel offer a total of 54 guests units, breakfast and meeting rooms, office and reception lobby, resident manager’s living unit, an on-site owner quarters, storage rooms, workshop, and more.
Special Property Features Include:
- 9.76% Cap on Actuals and 23.02% Cash ROI
- Seller financing possible for qualified buyers with appropriate down payment
- Tremendous upside with cost containment and hands-on management
- First time on the market in 30 years!
Location: Coastal, Resort
City: Lincoln City
Type: Select Service, Independent
Cap Rate: 9.76%
ROI/Cash Flow: 23.02%
Financing: Seller Terms Possible
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