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Corvallis, OR

Hotel

Corvallis, OR Hotels for Sale

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Albany, OR Philomath, OR Tangent, OR

Downtown Corvallis Investment Opportunity

Updated: Nov 25, 2025

Downtown Corvallis Investment Opportunity

345 Northwest 2nd Street, Corvallis, OR 97330

Contact for pricing

Prime location in Downtown Corvallis, home to Oregon State University
Significant income potential from a 63‑unit hotel, a restaurant/lounge, and six apartments
Option to purchase the hotel and restaurant separately or together
Includes a four‑bedroom, two‑bath manager's apartment
Proximity to the Willamette Riverfront Park and other natural attractions

Downtown Corvallis Investment Opportunity

Updated: Jan 16, 2024

Downtown Corvallis Investment Opportunity

345 NW 2nd St, Corvallis, OR 97330

$7,500,000

34,040 sqft

Prime location in Downtown Corvallis, home to Oregon State University.
63‑unit hotel with diverse room types, including family suites with jetted spa baths.
Includes a 4‑bedroom, 2‑bath manager's apartment.
Features a separate commercial building housing the established China Delight Restaurant and Lounge.
Six additional 1‑bedroom, 1‑bath apartment units above the restaurant/lounge.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 2 Active listings in Corvallis, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

213 NW Cliff St

213 NW Cliff St

213 Nw Cliff St, Newport, OR 97365

$1,249,000

9,800 sqft · 0.23 AC lot

C-2 Zoning in Nye Beach/ Newport, OR

Historic Downtown Hotel with Retail Front

Historic Downtown Hotel with Retail Front

661 S Main St, Lebanon, OR 97355

$4,750,000

27,764 sqft · 0.87 AC lot

A 1910 mixed-use building featuring fully occupied ground-floor retail and apartments, with renovation underway upstairs.

Renovated Motel on Highway 101

Renovated Motel on Highway 101

1823 N Coast Hwy, Newport, OR 97365

$3,850,000

18,581 sqft

Recently renovated 49-unit motel on Highway 101 in Newport, OR.

Historic Downtown Hotel with Retail

Historic Downtown Hotel with Retail

661 S Main St, Lebanon, OR 97355

$4,750,000

33,612 sqft · 0.37 AC lot

Historic hotel with four glass-front retail suites fully occupied on the ground floor and multifamily income from 10 units.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Gleneden Beach Commercial Land

Gleneden Beach Commercial Land

7100 Gleneden Beach Loop, Unit 12300, Gleneden Beach, OR 97388

$94,000

13,503 sqft · 0.31 AC lot

Commercial zoned land in Gleneden Beach with highway frontage.

Gleneden Beach Commercial Land

Gleneden Beach Commercial Land

7100 Blk Gleneden Beach Lp TL 12300, Gleneden Beach, OR 97388

$94,000

0.31 AC lot

Commercial land in Gleneden Beach with highway frontage.

Commercial Land in Lincoln City

Commercial Land in Lincoln City

1200 Blk NW 6th Dr TL 2700, Lincoln City, OR 97367

$75,000

0.06 AC lot

Commercial zoned land parcel in Lincoln City, Oregon.

Ocean View Lot Opportunity

Ocean View Lot Opportunity

1800 Blk NW 47th Street Lot 28, Lincoln City, OR 97367

$189,000

0.36 AC lot

Ocean view lot in gated community, close to amenities.

Off-Market Properties in Corvallis, OR

Consider similar Off-Market properties in Corvallis, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

HOTEL

1113 9th St, Corvallis, OR 97330-4505

$2,700,000

Estimated value

29,520 sqft · 1.20 AC lot

HOTEL

400 1st St, Corvallis, OR 97333-4911

Value Estimation by Request

169,502 sqft · 0.69 AC lot

HOTEL

407 2nd St, Corvallis, OR 97330-6441

Value Estimation by Request

40,158 sqft · 1.52 AC lot

2500 Western Blvd

HOTEL

2500 Western Blvd, Corvallis, OR 97333-4104

Value Estimation by Request

87,255 sqft · 3.62 AC lot

150 Madison Ave

HOTEL

150 Madison Ave, Corvallis, OR 97333-4708

Value Estimation by Request

30,821 sqft · 0.17 AC lot

HOTEL

350 4th St, Corvallis, OR 97333-4623

Value Estimation by Request

11,430 sqft · 0.54 AC lot

Corvallis, OR Hotels Market Trends and Statistics

Explore 8 hotels for sale in Corvallis, OR on our real estate platform. These investment opportunities span a total of 34,040 square feet of properties for sale, with an estimated market value of $7,500,000.

Sale prices for resorts in Corvallis, OR start at $7,500,000, averaging $7,500,000, and reaching up to $7,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 72K

Population Growth (5Y) +13.3%

Median Household Income $67,548

College Educated 61.9%

High-Yield Neighborhoods for Investment

Identify Corvallis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
97330	$7.5M

Taxes & Financing

Tax Rate (average for all types) 1.64%

Property Tax per SF $13.89 per SF

Tax Rate vs County Average 0.02 pp above county avg

Average Loan-to-Value 65.0%

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