35280 Brooten Rd Cloverdale, OR 97112
- Hospitality properties
- 9,863 SF
Current Use by Public Records
- Hospitality properties
Property Details for 35280 Brooten Rd
- Year built
- 1971
- Property size
- 9,863 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
The Pacific City Inn, a well-established motel located at 35280 Brooten Rd, Cloverdale, OR 97112, presents a compelling investment opportunity. This two-story, 9,863 square foot property, built in 1971, boasts 20 guest rooms and an on-site bar/restaurant, ready for revitalization. The motel also includes a convenient office with check-in counter, laundry area, and a relaxing back patio. The property is zoned PCW-C2 Pacific City Community Commercial. Financial highlights include an asking price of $4,500,000, a price per square foot of $456.25, a 6.01% cap rate, and a net operating income (NOI) of $270,309. Its prime location offers easy access to Pacific City's stunning beaches, shopping, dining, and entertainment. A significant advantage is the inclusion of a buildable tax lot on the southern portion of the property, presenting potential for expansion or development. This presents a rare opportunity to acquire a thriving hospitality business in a highly desirable coastal location. The property is offered as an owner/user investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cloverdale
- County
- Tillamook
- State
- Oregon
- Longitude
- -123.961
- Latitude
- 45.1995
