681 Ocean Shores Blvd Ocean Shores, WA 98569
The Ocean Shores Resort, located at 681 Ocean Shores Blvd NW, Ocean Shores, WA 98569, presents a compelling investment opportunity. This established hospitality property boasts 40 exterior corridor rooms, all completely remodeled in 2019, offering immediate revenue potential. Situated on a 2.28-acre lot in Grays Harbor County, the resort comprises two buildings, each rising to twelve stories, totaling 13,532 square feet. Built in 1960, the property benefits from recent renovations, ensuring modern amenities and guest comfort. The asking price is $4,000,000, translating to $295.60 per square foot. This represents a strong value proposition in the thriving Ocean Shores market. Owner financing is available, making this an attractive option for investors seeking a flexible acquisition strategy. The resort's prime oceanside location and updated facilities position it for continued success in the competitive hospitality sector. This turnkey operation offers a rare chance to acquire a well-maintained, high-performing hotel with significant upside potential. The property's strong location and recent renovations make it an ideal investment for experienced hospitality operators or those seeking a stable, income-generating asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.