Property Listing No Longer Available for Sale

331 S. Coast Highway 101, Yachats, OR

Hotel for Sale - $3,900,000


Property Info

CIMLS#120744
Location
  331 S. Coast Highway 101
  Yachats OR 97498
UpdatedDecember 20th, 2010
TypeHotel
Price$3,900,000

Property Description

The property has 36 guest accommodations on ~3.5 acres, ranging from more standard rooms with doubles, single or double Queen or King Beds to suites with kitchens and sweeping ocean views. Most ground floor units have private decks looking out over the ocean while most upper floor units feature private balconies. The property provides ample amenities for guests including offering 100% smoke-free rooms, free wi-fi and pet friendly accommodations.

Room to expand with 60 units possible and preliminarily planned.

The property features a unique meeting/retreat/event space, the Pavilion Teahouse which accommodates up to 60 people. There is a spacious deck from which to enjoy sea breezes and lovely views of the ocean. A fully-equipped kitchen is available for preparing meals.

There is an indoor pool and hot tub set behind walls of glass for year round enjoyment and breath-taking views of the Pacific.


Financials

7.34% cap rate on 2009 actual income and expenses. 7.66% Return on Investment with 30% down and proposed financing.