4430 Hwy 101 Lincoln City, OR 97367-1541
- Hotels
- 38,876 SF
- 1.63 lot acres
Sep 30, 2024
Current Use by Public Records
- Hotels
Property Details for 4430 Hwy 101
- Year built
- 1993
- Construction
- WOOD
- Lot size
- 1.63 lot acres
- Property size
- 38,876 SF
- Zone code
- G-C;GENERAL COMMERCIAL
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 07-11-27-DB-00500-00
- APU
- 071127DB0050000
Description
Exceptional investment opportunity: a 62-key Best Western Plus hotel in Lincoln City, Oregon. This three-story, interior-corridor property boasts 38,876 square feet on a 71,103 square foot lot (APN: 074-11-27-DB-00500), situated at 4430 SE Hwy 101, Lincoln City, OR 97367. Built in 1993, the property features two buildings and offers stunning bay views from the majority of its king and queen-bedded guest rooms, many with balconies. Amenities include an indoor pool. The hotel recently received a "Director's Award" for top-tier cleanliness, maintenance, and customer service. Its General Commercial (G-C) zoning provides flexibility. Located just five miles from Chinook Winds Casino, which offers a complimentary weekend shuttle and various year-round entertainment, this hotel presents a strong return on investment potential, priced well below replacement cost. The asking price is $6,900,000 ($177.49/sq ft). This coastal gem offers a unique blend of comfort, convenience, and lucrative investment potential. The property is zoned for General Commercial use.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincoln City
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.02
- Latitude
- 44.9326
- CBSA code
- 35440
- CBSA name
- NEWPORT, OR MICROPOLITAN STATISTICAL AREA
