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    755 Marine Dr Point Roberts, WA 98281

    For Sale
    $5,350,000

    Oceanfront Hotel Development Opportunity in WA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional opportunity to acquire the Blackfish Resort, a luxury hotel development project situated in Point Roberts, Washington, along the US/Canada border. Priced at $5,350,000, this 28-key hotel boasts a prime oceanfront location with a remarkably small 38-foot setback from the high tide mark. The property is uniquely positioned less than an hour from Vancouver, BC, providing access to a substantial market of over 2.6 million people. Point Roberts' secluded location, surrounded by water on three sides and accessible by road, air, or sea, adds to its exclusivity. Construction has already begun, with permits secured and foundational work underway. A highly experienced local development team is in place to ensure project completion. The seller is open to assisting with the transition to ensure a smooth handover for the new owner. A comprehensive HVS study is available upon request. This represents a rare chance to acquire a partially completed luxury hotel in a unique and desirable location. Detailed information is available in the offering memorandum.

    Property Features for 755 Marine Dr

    General Information

    Property type
    Hotels

    HighLights

    • $5.35M asking price.
    • Luxury hotel development opportunity.
    • 38 feet above high tide.
    • Permits secured, construction underway.
    • Experienced development team assembled.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Point Roberts Homes ... Construction Company

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Food Market Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Point Roberts
    County
    Whatcom
    State
    Washington
    Longitude
    -123.083227
    Latitude
    48.974738

    Nearby Similar for Sale

    • $3,200,000
      3,500 SF

      Point Roberts Retail Opportunity

      Retail property for sale in Point Roberts, Washington.
      490 Tyee Dr, Point Roberts, WA 98281
      View Details

    FAQs

    What type of property is this?
    Hotel - Oceanfront Hotel Development Opportunity in WA
    Where is this hotel located?
    The property is located at 755 Marine Dr Point Roberts, WA.
    What is the asking price?
    The asking price for this property is $5,350,000.
    What are key features of this property?
    This property features: $5.35M asking price.; Luxury hotel development opportunity.; 38 feet above high tide.
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    755 Marine Dr Point Roberts, WA 98281
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