Bought with Keller Williams Sunset Corridor
$1,550,000
$1,650,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
3,205 SqFt
SOLD DATE : 08/22/2023
Key Details
Sold Price $1,550,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,205 sqft
Price per Sqft $483
MLS Listing ID 23193678
Sold Date 08/22/23
Year Built 1922
Annual Tax Amount $3,411
Tax Year 2022
Lot Size 5,227 Sqft
Property Description
If you're an investor looking for a lucrative opportunity on the Oregon coast, the Blue Octopus Beach Cottages are a perfect choice. The property is a successful 6-unit, beautifully updated and stylishly curated beach motel that is literally a turnkey business opportunity just steps from one of most breathtaking stretches of Oregon coast, just 90 minutes from Portland. The previous owners were experienced designers and entrepreneurs who took this lovely property to the next level, restoring and updating each cottage's interior and turning this charming property into a thriving, revenue-generating vacation rental business positioned prominently on Airbnb and VRBO with consistently high occupancy rates and return guests throughout the year. The cottages come fully furnished, newly painted and well maintained. The talented and dedicated staff of the Blue Octopus motel, including a phenomenal manager and housekeeping team have a keen interest in staying on with the new owners making this a turn key opportunity in the truest sense of the term. Supplement your income, now or in retirement, with this amazing property. Exterior has been newly painted in blue color. New exterior photos will be updated on 6/29.Website: https://www.airbnb.com/users/272806242/listings
Location
State OR
County Tillamook
Area _195
Zoning RK-R-R
Interior
Heating Wall Furnace
Cooling None
Equipment Fixtures, Furniture, SmokeDetector
Exterior
Garage Spaces 6.0
Waterfront Description OceanFront
View Y/N true
View Ocean
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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