Listed by SVN | Bluestone
$2,200,000
Newport Bay Motel
Details
Property Type Hospitality
Sub Type Motel
Square Footage 13,924
Keys 37
Year Built 1947
Stories 2
Acreage 0.760
Zoning C-1 - Economy Scale
Investment Type Value Add
Ownership Fee Simple
Hospitality | 37 Keys | $59,459/key
Marketing description
Newport Bay Motel is a 37-unit limited-service lodging property on US Highway 101 in the heart of Newport, on Oregon's central coast. The L-shaped, wood-frame building offers roughly 300 feet of highway frontage and a diversified unit mix — standard motel rooms alongside apartment-style units with full kitchens suited to weekly, monthly, and extended-stay occupancy. Amenities include a guest lobby, on-site guest and commercial laundry, and a manager's unit. Recently acquired out of bank-owned distress, the property is offered as a value-add opportunity. Detailed operating financials are not available; buyers should underwrite on the strength of the real estate, location, and unit mix.
Investment highlights
- Set on the Highway 101 corridor through Newport — Oregon's central-coast hub — one block from Samaritan Pacific Communities Hospital and minutes from Nye Beach, the Historic Bayfront, and the Oregon Coast Aquarium
- Tourism anchors Lincoln County year-round, while OSU's Hatfield Marine Science Center, NOAA's Marine Operations Center–Pacific, and the Port of Newport sustain non-seasonal demand
- A built-out Hwy 101 corridor limits new supply
Listing Contacts
Listed by SVN | Bluestone
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