Newport Bay Motel

Investment Overview

PRICE REDUCED to $1,950,000 ($52,703 per room). Newport Bay Motel is a 37-unit limited-service lodging property on US Highway 101 in the heart of Newport, on Oregon’s central coast. The property offers roughly 300 feet of highway frontage and a diversified unit mix, with standard motel rooms alongside apartment-style units with full kitchens suited to weekly, monthly, and extended-stay occupancy. Amenities include a guest lobby, on-site guest and commercial laundry, and a manager’s unit. Recently acquired out of bank-owned distress, the property is offered as a value-add opportunity. Detailed operating financials are not available; buyers should underwrite on the strength of the real estate, location, and unit mix. Offering Memorandum, proforma and Broker Notes are available with a signed Confidentiality Agreement.

Investment Highlights

• Price reduced to $1,950,000, or $52,703 per room
• Roughly 300 feet of Highway 101 frontage in a built-out corridor with limited new supply
• One block from Samaritan Pacific Communities Hospital
• Mix of motel rooms and apartment-style units with full kitchens for weekly, monthly and extended-stay demand
• Year-round demand from tourism, OSU’s Hatfield Marine Science Center, NOAA and the Port of Newport
• Fee simple, ~0.76 acres, C-1 zoning