For Sale
$6,900,000

4430 Highway 101 Lincoln City, OR 97367

Coastal Oregon Hotel, 62 Keys, $6.9M

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional investment opportunity: a 62-key Best Western Plus hotel in Lincoln City, Oregon. This three-story, interior-corridor property boasts 38,876 square feet on a 71,103 square foot lot (APN: 074-11-27-DB-00500), situated at 4430 SE Hwy 101, Lincoln City, OR 97367. Built in 1993, the property features two buildings and offers stunning bay views from the majority of its king and queen-bedded guest rooms, many with balconies. Amenities include an indoor pool. The hotel recently received a "Director's Award" for top-tier cleanliness, maintenance, and customer service. Its General Commercial (G-C) zoning provides flexibility. Located just five miles from Chinook Winds Casino, which offers a complimentary weekend shuttle and various year-round entertainment, this hotel presents a strong return on investment potential, priced well below replacement cost. The asking price is $6,900,000 ($177.49/sq ft). This coastal gem offers a unique blend of comfort, convenience, and lucrative investment potential. The property is zoned for General Commercial use.

Highlights

  • Three-story interior corridor building with indoor swimming pool.
  • Recently awarded the "Director's Award" for top-tier cleanliness, maintenance, and customer service.
  • Offered significantly below replacement cost.
  • Located five miles from Chinook Winds Casino, with weekend shuttle service and year-round entertainment.

Property Details for 4430 Highway 101

Property type
Hospitality properties, Hotels
Square Feet
38,876 SF
Year Built
1993
Buildings
2
Stories
3

Location Insight

City
Lincoln City
County
Lincoln
State
Oregon
Latitude
44.932352725202
Longitude
-124.02043858219

FAQs

What type of property is this?
Hospitality property - Coastal Oregon Hotel, 62 Keys, $6.9M
Where is the hospitality property located?
The property is located at 4430 Highway 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Three-story interior corridor building with indoor swimming pool.; Recently awarded the "Director's Award" for top-tier cleanliness, maintenance, and customer service.; Offered significantly below replacement cost.
How can I contact the broker?
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4430 Highway 101
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