34910 Or-53Nehalem, OR 97131

Property Details for 34910 Or-53

Property type

Hospitality properties

Property subtype

Motels

Description

The Nehalem River Inn, a meticulously renovated historic motel in Nehalem, Oregon (Tillamook County, zip code 97131), is offered at $2,150,000. This turn-key property, situated on the banks of the Nehalem River, enjoys a prime location less than two hours from Portland and five minutes from the Pacific Ocean. Extensive renovations (2021-2023) transformed this historic gem, updating every aspect inside and out. Interior work included complete electrical upgrades, new plumbing, mineral wool insulation, and a smooth Level 5 wall texture. Each room features a custom kitchenette with a waterfall butcherblock countertop, board-and-batten wood detail, and live-edge wood shelves and headboards. Bathrooms boast heated slate floors and custom vanities with marble and stone showers. High-end and antique furnishings are included. Exterior improvements encompass complete waterproofing and drainage, a new roof, new Trex decks, new exterior doors and windows, and landscaping enhancements. Over 900 square feet of unfinished space in the main building offers significant expansion potential, perhaps for a restaurant, common area, or additional rooms. An adjacent lot provides further development opportunities. Grandfathered-in river pilings offer the possibility of a dock (buyer to verify). Three large coastal spruce trees enhance the property's curb appeal. This exceptional property blends old-world charm with modern amenities, presenting a rare opportunity to own a piece of Nehalem's history. The property's combination of existing income potential and significant expansion possibilities makes it an attractive investment.

Location Insight

City

Nehalem

County

Tillamook

State

Oregon

Latitude

45.7095

Longitude

-123.858

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