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    1823 N Coast Hwy Newport, OR 97365

    For Sale
    $3,950,000

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

    Property size:
    18,581 SF

    Property Features for 1823 N Coast Hwy

    General Information

    Size
    18,581 SF

    Source: Brian Resendez, CCIM Agent Brian Resendez, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Motel on Highway 101

    The Newport Inn & Suites by OYO is a recently renovated economy motel featuring 49 units. Situated on Highway 101 in Newport, Oregon, this property comprises two buildings, originally constructed in 1950 and 1987. The main building underwent a full renovation in 2020, with recent renovations to the second building completed in the last couple of years. The interior/exterior corridor property is pet-friendly and offers a customer lobby, business center, laundry facilities, and complimentary guest parking. Each guestroom is equipped with amenities such as cable flat-screen TVs and high-speed internet. The property is located on the Central Oregon Coast, with frontage on Highway 101. Restaurants, shops, and the beach are located within a one-mile radius. Its proximity to attractions such as the Oregon Coast Aquarium, Newport Historic Bayfront, Pacific Maritime Heritage Center, and Yaquina Head Outstanding Natural Area, makes this a popular tourist destination with accessibility from major Oregon population centers including Portland, Eugene, and Salem. The property size is 18581 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Newport Inn By ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.053094
    Latitude
    44.651115

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    FAQs

    What type of property is this?
    Hotel - Recently renovated 49-unit motel on Highway 101 in Newport, OR.
    Where is this hotel located?
    The property is located at 1823 N Coast Hwy Newport, OR.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: - Prime location on Hwy 101 in Newport, OR, a popular tourist destination.; - Recently renovated with the main building fully renovated in 2020.; - Proximity to major attractions like the Oregon Coast Aquarium and Newport Historic Bayfront.
    (503) 577-7710
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    Newport, OR 97365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1823 N Coast Hwy Newport, OR 97365
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