Surf & Sand Inn - PRICE REDUCED!
Pacific City, OR
Offered for sale at $2,000,000
14.53% Cap Rate, 43.88% ROI & 3.50 GRM
The Surf & Sand Inn is the quintessential 15 key boutique beach motel. Originally built in 1930, this exterior corridor property has been recently updated to attract family and leisure visitors in the popular Oregon Coast town of Pacific City.
Property features a mix of stylish, beachy Queen Single, Queen Double, and Kitchenette rooms. Accommodations include flat-screen TV, microwave, coffeemaker, mini-fridge, and high-speed internet (WiFi). Ideally situated just 2 blocks from the Pacific Ocean and a mile from Cape Kiwanda, Haystack Rock, and tourist attractions, the Surf & Sand Inn is centrally located near shopping, dining, galleries, the Pacific City airport, and the Nestucca River.
This coastal destination town is an easy weekend getaway for the major metropolitan areas of Portland, and State Capital, Salem. ~700 sq. ft. residence with 1 bedroom, 1 bathroom, living room, and private kitchen make this property ideal for Owner/Operator or on-site Manager. Potential room to expand for additional rental units, Owner’s Quarters, or combination for future revenue. Potential to expand subject to Buyer’s independent investigations.
Pacific City is located on the Oregon Coast between Tillamook and Lincoln City on the south end of beautiful Three Capes Scenic Drive. Pacific City is a peaceful beachfront town offering plenty of outdoor pursuits such as birdwatching, beachcombing, canoeing, kayaking, boating, clamming, crabbing, hang gliding, paragliding, hiking, and backpacking. Thanks to a natural breakwater, Pacific City’s beach is a favorite spot for surfers and anglers. Downtown offers a variety of restaurants, breweries, galleries, and shops.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.