This property has been SOLD! Please contact us for similar offerings.
Outstanding Highway 101 motel in the heart of popular resort town of Newport, Oregon.
Ocean views and excellent highway frontage make this nicely maintained economy property well suited for year-round clientele.
43 rooms of which 30 are ocean view. 19 of the rooms are interior corridor. All new vanities have been installed. Granite in all the rooms as well as all tile replaced in bathrooms.
Great location on Highway 101, close to tourist attractions. Newport is the home to the Oregon Coast Aquarium and the Yaquina Bay Lighthouse. Newport is 85 miles from Salem, the state’s capital and 140 miles from Portland.
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 broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Property Details
Keys: 43
Location: Coast
City: Newport
State: OR
ZIP: 97365
Type: Franchised
Cap Rate: 12.17%
GRRM: 2.98
ROI/Cash Flow: 32.78%
Financing: New
Additional Features:
Highway 101, Owner / Manager Quarters, Exterior Corridor, Ocean views
