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33293794

265 8TH ST, Winchester Bay, OR 97467

JM
OR 201220812
$850,000
2 days on market
Updated 2 days ago

265 8TH ST

Details
APN R49684
Property Type Hospitality
Sub Type Motel
Square Footage 4,743
Units 9
NOI $68,309
Tenancy Single
Class B
Year Built 2007
Buildings 3
Stories 1
Acreage 0.300
Zoning CT
Parking Spaces 15 spaces
Parking Per SqFt 3.16
Investment Type Stabilized

Hospitality

Marketing description

Rare opportunity to own one of Winchester Bay's highest-rated lodging properties. This well-maintained, turnkey operation features nine guest accommodations, including a spacious three-bedroom, two-bath vacation rental home, queen rooms, double-queen rooms, and king rooms designed to accommodate a variety of travelers.

Ideally located just two blocks from the marina and less than half a mile from the Oregon Dunes recreation area, the property enjoys a loyal returning customer base and strong online ratings. The business is fully operational with an established reservation system, proven track record, and repeat clientele already in place.

The property includes generous owner's/manager's quarters featuring an expansive living, kitchen, and dining area, large primary bedroom, office or additional bedroom, Jack-and-Jill bathroom, dedicated front office space, and a commercial laundry area with two washers and two dryers. The vacation rental home includes its own private laundry facilities.

With mostly single-level accommodations, a desirable coastal location, and an established reputation for guest satisfaction, this property offers an exceptional opportunity for an owner-operator or investor seeking a successful hospitality business on the Oregon Coast.

Investment highlights

  • Established business with a strong repeat customer base and excellent online reputation
  • Nine guest accommodations including three-bedroom vacation rental home, queen rooms, double-queen rooms, and king rooms
  • Located just two blocks from the marina and less than half a mile from Oregon Dunes recreation area
  • Fully operational with established reservation system and proven track record
  • Generous owner's/manager's quarters with expansive living area, large primary bedroom, and commercial laundry facilities
  • Vacation rental home includes private laundry facilities
  • Mostly single-level accommodations with accessible entrance and ADA compliance
  • All motel furnishings and operational items included
  • Seller training available
  • https://youtu.be/9H_3VLog8YM?si=tFYntXYzYvzsmdZC

Listing Contacts

JM
OR 201220812

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,309.00
$5,692.42/mo

Valuation Metrics

0
DSCR
8.04%
Cap Rate
8.04%
ROI

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Additional Information

Name
Justin Mast
License
201220812
Brokerage
Oregon Life Homes
Brokerage Phone
5418087045
Title
Agent
Brokerage Address
603 Southeast Jackson Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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