For Sale
$5,100,000

325 Nye Ave Pendleton, OR 97801

92-Key Motel, High NOI, 7.12% Cap Rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 92-key Motel 6 located at 325 SE Nye Ave, Pendleton, Oregon. Built in 1980, this two-story, Class-B property sits on two acres and offers a compelling return with a Net Operating Income (NOI) of $363,404 and a 7.12% capitalization rate. The asking price is $5,100,000. The motel features 92 rooms, each equipped with one or two queen beds, and amenities include public Wi-Fi and an outdoor pool. Pet-friendly and accommodating to service animals, the property benefits from its strategic location near downtown Pendleton, the Umatilla River, and the Pendleton Round-Up Stadium. Its proximity to attractions like the Wildhorse Resort & Casino and the Tamástslikt Cultural Institute, along with the Pendleton Woolen Mills, ensures a consistent stream of travelers. This established hospitality business presents a strong investment opportunity in a vibrant Oregon community. The property's APN is 2N3211C000200. This is a rare chance to acquire a well-positioned motel with significant income potential.

Highlights

  • $5,100,000 asking price for a 92-key motel in Pendleton, Oregon.
  • 7.12% cap rate with a $363,404 net operating income (NOI).
  • 92 guest rooms in a two-story building on a 2-acre lot.
  • Built in 1980, located at 325 SE Nye Ave, Pendleton, OR 97801 (APN: 2N3211C000200).
  • Broker co-op available.

Property Details for 325 Nye Ave

Property type
Hospitality properties, Motels
Year Built
1980
Stories
2
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Pendleton
County
Umatilla
State
Oregon
Latitude
45.6626886
Longitude
-118.7749323
325 Nye Ave, Pendleton, Oregon

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FAQs

What type of property is this?
Hospitality property - 92-Key Motel, High NOI, 7.12% Cap Rate
Where is the hospitality property located?
The property is located at 325 Nye Ave Pendleton, OR.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: $5,100,000 asking price for a 92-key motel in Pendleton, Oregon.; 7.12% cap rate with a $363,404 net operating income (NOI).; 92 guest rooms in a two-story building on a 2-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Kamlesh Patel
Kamlesh Patel
Visit Broker Website

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Nye Ave
Pendleton, OR 97801

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Nye Ave
Pendleton, OR 97801

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

325 Nye Ave
  • Kamlesh Patel
    Kamlesh Patel
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