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345 NW 2nd St Corvallis, OR 97330

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For Sale
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63-unit hotel, restaurant, and apartments in downtown Corvallis.

Type:Hospitality
Property size:
34,040 SF
Added:
Jan 16, 2024
Days on Market:
811
Last Refresh:
Mar 17 at 1:24 pm

Property Features for 345 NW 2nd St

General Information

Standard status
Active
Size
34,040 SF
Property subtype
Hospitality

Building Details

Year Built
1979

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Listing Contact
Skip Rotticci

Listing agent Skip Rotticci License #OR 200204348

Listing office Macadam Forbes

Listing date Jan 16, 2024

Source Crexi

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


Overview

Downtown Corvallis Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Rodeway Inn Willamette ... Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Corvallis
County
Benton
State
Oregon
Longitude
-123.2577474
Latitude
44.566564

FAQs

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 NW 2nd St 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.
More about this property
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