IN CONTRACT – This property is currently in contract, the seller will consider offers in backup position only.
Unique Boutique Waterfront Lodging Property on the Beautiful Washington Coast
Property features 22 newly built cottages with a mix of both bay and marina views from all buildings. Cottages feature coastal decoration and a full range of amenities, including kitchenettes in every unit, and a variety of sleeping arrangements. Charming private waterfront cottages include full hotel amenities. A unique coastal destination nestled in-between the picturesque Westport Marina and the beautiful Pacific Ocean. Perfectly situated in the heart of Westport’s marina district, these cozy and yet spacious accommodations are just steps away from coastal shopping, dining, and infinite beach activities. All the conveniences of a hotel stay, but with the privacy of a cottage.
Location: Westport is the only town in Washington or Oregon that has both a Marina and a Beach within walking distance of each other. The marina is home to a large commercial fishing fleet and several recreational charter fishing vessels. Westport embodies the spirit of a quaint seaside town while boasting a full calendar of outdoor activities, fishing, boating, hiking, hunting, and world-class seafood, wine, art and music festivals.
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!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.
Special Property Features Include:
- Desirable Waterfront Location in Resort Town
- Newly Built with Bay & Marina Views
- All Units Include Kitchenettes
- 90 Minutes from Major Metro Washington
- Walking Distance to Shops & Restaurants
- Top Rated Hotel with Excellent Reputation
- 21 Keys + 1 Cabin for Office/Lobby
Type: Independent, Resort, Boutique
Cap Rate: 10.70%
ROI/Cash Flow: 22.56%