Downtown Corvallis Investment
For Sale
Contact for pricing
345 Northwest 2nd Street, Corvallis, OR 97330
63-unit hotel, restaurant, and apartments in downtown Corvallis.
Property Size34,040 SF
Price / SF$220.33
Days on Market939
Property Features for 345 Northwest 2nd Street
General Information
Standard status
Active
Size
34,040 SF
Total Parking Spaces
72
Property subtype
Hospitality
Zoning
CMU-3 Commercial Mixed Use
Investment Type
Core+
Building Details
Year Built
1979
Buildings
3
Stories
2
Units
6
Tenancy
Single
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Skip Rotticci · License #OR 200204348
Source:
Crexi
Added: Jan 16, 2024
Changed: Aug 8
Last Checked: Aug 11 at 10:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes
Investment Insights
Based on property information with market context.
The property presents an investment opportunity in Downtown Corvallis, near Oregon State University. It features a 63-unit, two-story hotel building with interior corridors. The hotel offers a variety of room types, including King-size family suites with jetted spa baths, King single rooms, Queen single rooms, and Queen double rooms. Additionally, there is a separate manager's office building that includes a four-bedroom, two-bath apartment. A separate commercial building houses the China Delight Restaurant and Lounge, which has been a Corvallis establishment for over two decades. Above the restaurant and lounge are six one-bedroom, one-bath apartment units. The property size is 34040 square feet. The hotel and restaurant can be acquired together or separately.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 24%
Groceries 19%
Hotels & Casinos 5%
McDonald's
Dining
28,289 visits/mo
0.2 miles
Safeway
Groceries
23,582 visits/mo
0.5 miles
Dutch Bros. Coffee
Dining
14,600 visits/mo
0.3 miles
Panera Bread
Dining
8,273 visits/mo
0.2 miles
AMPM
Shops & Services
7,895 visits/mo
0.2 miles
Demographics for 97330, OR
43,947
Population
19,957
Households
2.2
Avg Household Size
33
Median Age
60%
College-Educated
96%
High-School Grad
78.0 sq mi
ZIP Area
563
Density / Sq Mi
$69,127
Median Household Income
$28,966
Median Earnings
$1,339
Median Rent
$495,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 63-unit hotel, restaurant, and apartments in downtown Corvallis.
Where is this hotel located?
The property is located at 345 Northwest 2nd Street Corvallis, OR.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 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.
