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14660823
14660824

345 NW 2nd St, Corvallis, OR 97330

SR
OR 200204348
Macadam Forbes
Listed by Macadam Forbes
$7,500,000
871 days on market
Updated 1 day ago

Rodeway Inn Willamette River

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 34,040
Keys 64
Beds 64
Price per SqFt $220
Year Built 1979
Buildings 2
Stories 2
Parking Spaces 72 spaces
Parking Per SqFt 2.12
Investment Type Core+
Ownership Fee Simple

Hospitality | 64 Keys

Marketing description

The Rodeway Inn Willamette River offers a unique investment opportunity in Downtown Corvallis and home to the Oregon State University. The property includes a 63 unit, two story, interior corridor hotel building. The room types include four King size family suites with jetted spa baths, King single rooms, Queen single rooms, and Queen double rooms. A separate managers office building also includes a four bedroom, two bath managers apartment. In addition, there is a separate commercial building that houses the China Delight Restaurant and Lounge, a Corvallis fixture for more than two decades and six one bedroom, one bath apartment units above the restaurant and lounge.

The hotel and restaurant can be acquired together or separately.

Investment highlights

  • Sixty-three hotel rooms

  • Four bedroom, two bath managers apartment

  • Restaurant with Six- One bedroom apartment units above

  • Close proximity to restaurants, brew pubs, and coffee shops

  • Adjacent to the Willamette Riverfront Park

  • Close to Oregon State University Campus

  • Rodeway Inn and Chine Delight Restaurant can be purchased together at a listing price of $8,400,000.00

  • Rodeway Inn can be acquired separately for $7,000,000.00 and China Delight for $1,400,000.00

Listing Contacts

SR
OR 200204348
Macadam Forbes
Listed by Macadam Forbes

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