$2,700,000

OPEN HOUSE 9/19 11am-2pm Pacific City Inn - Coastal Value-Add Hospitality Investment Located in the highly sought-after coastal market of Pacific City, the Pacific City Inn presents a rare opportunity to acquire a performing hospitality asset with below-market revenue capture in a market defined by strong tourism demand and limited commercial inventory. Just blocks from the beach and near iconic destinations such as Cape Kiwanda, the property is ideally positioned to capture consistent year-round leisure traffic. As the first motel/inn encountered when entering Pacific City, the property benefits from a highly visible location directly off the main road into town, with easy pull-off access and prominent on-site parking. Offered at $2,700,000 with a 7.5% YTD cap rate, and a 5.7% cap rate for 2025 with approximately 50% average annual occupancy in 2025, the asset offers a clear path to increased NOI through operational improvements, strategic marketing, and revenue management. The property features 19 guest rooms across three separate buildings, totaling 9,863 square feet, creating flexibility for phased upgrades, repositioning, or branding enhancements. The asset is further differentiated by its multiple additional revenue opportunities and on-site amenities. A fully furnished commercial kitchen and dining area provides immediate potential for lease income or an in-house food and beverage concept, while an existing bar/lounge area would enhance guest experience and incremental revenue. Operational infrastructure includes a full on-site laundry facility and a dedicated manager's apartment, supporting efficient day-to-day management and reduced overhead. Guests benefit from a welcoming outdoor space designed for relaxation and gathering, aligning with the Pacific Northwest lifestyle and encouraging extended stays. Additional green space to the south of the buildings provides further flexibility, with potential for expanded guest amenities, additional parking, or storage--offering yet another avenue to enhance both operations and overall guest experience. The property also backs directly to the Pacific City Airstrip, offering unique accessibility and niche appeal for private and charter travelers--an uncommon feature in coastal hospitality assets. Second commercial property being sold next door located at 35350 Brooten Rd MLS #26-1932. Full of possibilities. Zoning allows for apartment to be used as STR/vacation rental. Excellent opportunity to purchase two side-by-side commercial properties on the main drive into Pacific City.