17-Room Motel with Gated
For Sale
$975,000
2178 WINCHESTER Ave, Reedsport, OR 97467
CommercialSale, Reedsport, OR
Property Size7,367 SF
Lot Size0.34 Acres
Price / SF$132.35
Days on Market474
Property Features for 2178 WINCHESTER Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
View
City
Directions
Hwy 101 to Address
Subdivision
_265
Standard status
Active
APN
R70617
Size
7,367 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
REEDSPORT ADD TO RDSPT, BLOCK 25, LOT PTS 5-7, ACRES 0.34
Tax Annual Amount
5360
Legal Description
REEDSPORT ADD TO RDSPT, BLOCK 25, LOT PTS 5-7, ACRES 0.34
Utilities
Heating system
Zoned
Building Details
Year built
1948
Building materials
Concrete, WoodFrame
Roof type
Composition
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Joseph Aguirre
(541) 217-7710
Added: Jul 7, 2025
Changed: Oct 16
Last Checked: Oct 23 at 11:06AM
MLS# 217389398
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The Fir Grove Motel is a 17-room lodging property with a total building area of 7,367 square feet on 0.34 acres. Each room includes a sitting area, dining space, and a private bathroom with a bathtub, walk-in shower, and separate toilet. Built in 1948, the building has concrete and wood-frame construction, zoned heating, and a composition roof. The site provides 20 parking spaces within a gated lot.
At 2178 Winchester Avenue in Reedsport, the property is near local shops and essential amenities. The Oregon Dunes National Recreation Area is a few minutes away, and North Bend Municipal Airport is approximately 30 minutes from the motel.
The property is zoned C and is currently occupied by long-term, month-to-month tenants. The sale is offered as-is and requires cash; financed offers will not be considered.
At 2178 Winchester Avenue in Reedsport, the property is near local shops and essential amenities. The Oregon Dunes National Recreation Area is a few minutes away, and North Bend Municipal Airport is approximately 30 minutes from the motel.
The property is zoned C and is currently occupied by long-term, month-to-month tenants. The sale is offered as-is and requires cash; financed offers will not be considered.
Key Highlights
- 17 guest rooms across 7,367 square feet on a 0.34‑acre site
- 20 parking spaces in a gated lot
- Rooms include sitting and dining areas, plus private bathrooms with a tub, walk‑in shower, and separate toilet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,429
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,580
$1.1M
Cap Rate 7%
$791,843
$791.8K
Cap Rate 9%
$615,878
$615.9K
Market Conditions
NOI Build-Up for 7,367 SF
Gross rent
$132.6K $18.00/SF
− Vacancy
−$15.9K −$2.16/SF
EGI
$116.7K $15.84/SF
− OpEx
−$61.3K −$8.32/SF
NOI
$55.4K $7.52/SF
Area
Douglas County, OR
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,580
Cap Rate 7%
$791,843
Cap Rate 9%
$615,878
Alternative Uses
Best Use
Hotel Hospitality
$791.8K
$692.9K – $923.8K
NOI $55,429 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,254 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97467, OR
5,602
Population
2,816
Households
2
Avg Household Size
53
Median Age
14%
College-Educated
93%
High-School Grad
327.9 sq mi
ZIP Area
17
Density / Sq Mi
$58,333
Median Household Income
$41,441
Median Earnings
$750
Median Rent
$224,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Fir Grove Motel — 2178 Winchester Ave, Reedsport, OR 97467
- Anchor Bay Inn — 1821 Winchester Ave, Reedsport, OR 97467
- Best Budget Inn — 1894 Winchester Ave, Reedsport, OR 97467
- Economy Inn Reedsport — 1593 Oregon Coast Hwy, Reedsport, OR 97467
- Best Western Salbasgeon Inn & Suites Of Reedsport — 1400 US-101, Reedsport, OR 97467
Frequently Asked Questions
What type of property is this?
Motel - Long-term, month-to-month occupants are in place across the guest rooms.
Where is this motel located?
The property is located at 2178 WINCHESTER Ave Reedsport, OR.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 17 guest rooms across 7,367 square feet on a 0.34‑acre site; 20 parking spaces in a gated lot; Rooms include sitting and dining areas, plus private bathrooms with a tub, walk‑in shower, and separate toilet
