34910 Or-53 Nehalem, OR 97131

The Nehalem River Inn, a meticulously renovated historic motel in Nehalem, Oregon (Tillamook County, zip code 97131), is offered at $2,150,000. This turn-key property, situated on the banks of the Nehalem River, enjoys a prime location less than two hours from Portland and five minutes from the Pacific Ocean. Extensive renovations (2021-2023) transformed this historic gem, updating every aspect inside and out. Interior work included complete electrical upgrades, new plumbing, mineral wool insulation, and a smooth Level 5 wall texture. Each room features a custom kitchenette with a waterfall butcherblock countertop, board-and-batten wood detail, and live-edge wood shelves and headboards. Bathrooms boast heated slate floors and custom vanities with marble and stone showers. High-end and antique furnishings are included. Exterior improvements encompass complete waterproofing and drainage, a new roof, new Trex decks, new exterior doors and windows, and landscaping enhancements. Over 900 square feet of unfinished space in the main building offers significant expansion potential, perhaps for a restaurant, common area, or additional rooms. An adjacent lot provides further development opportunities. Grandfathered-in river pilings offer the possibility of a dock (buyer to verify). Three large coastal spruce trees enhance the property's curb appeal. This exceptional property blends old-world charm with modern amenities, presenting a rare opportunity to own a piece of Nehalem's history. The property's combination of existing income potential and significant expansion possibilities makes it an attractive investment.