781 Ocean Shores Blvd NW

Ocean Shores, WA 98569
  • $3,750,000
  • STATUS: Active
  • ON SITE: 650 days
  • ID#: 846412
UPDATED: 50 min ago
$3,750,000
  • 0
    BEDS
  • 3.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Listing Courtesy of Windermere R.E. Ocean Shores.

Description

125 room limited service hotel in the center of Ocean Shores with ocean views. 600 feet ocean view frontage. 4 adjacent motels packaged as Sands Resort. Indoor and outdoor swimming pool. Game room. Decks. New phone and reservation system. New asphalt parking lot. Needs better street appeal and marketing. Price based on GRM of 4.4 times gross for trailing twelve months. Two check-in offices. Walk to retail and Convention Center. Tremendous upside. Large price reduction, however, not a fire sale.

The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-06-26T21:17:12.947.

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www.home4investment.com/homes/55941851

781 Ocean Shores Blvd NW Ocean Shores, WA 98569

  • Price: $3,750,000
  • Status: Active
  • Updated: 50 min ago
  • ID#: 846412
0
Beds
0
Baths
0
½ Baths
3.82
Acres
1965
Built
Neighborhood:
Ocean Shores
County:
Grays Harbor
Area:
Ocean Shores
Property Description
125 room limited service hotel in the center of Ocean Shores with ocean views. 600 feet ocean view frontage. 4 adjacent motels packaged as Sands Resort. Indoor and outdoor swimming pool. Game room. Decks. New phone and reservation system. New asphalt parking lot. Needs better street appeal and marketing. Price based on GRM of 4.4 times gross for trailing twelve months. Two check-in offices. Walk to retail and Convention Center. Tremendous upside. Large price reduction, however, not a fire sale.
Exterior Features

Exterior Cement/ConcreteWood Foundation Slab Lot Depth 300 Lot Dimensions Irregular Lot Topography And Vegetation Level Roof Built-Up Site Frontage 600 Style 64 - Hotel/Motel Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

Interior Features

Building Sq Ft 63637 Floor Covering VinylWall to Wall Carpet Heating And Cooling BaseboardForced Air Office Sq Ft 0 Total Sq Ft Rented 0

Property Features

Assessed Value Improvements 3686000 Assessed Value Land 577200 Assessed Value Total 4263200 Assessed Value Year 2015 Available Pads 0 Bank Owned No Boundary Survey 0.00 Cap Rate N Commercial Features Disabled AccessElevatorLeased FixturesSignage Included Electrical Expenses 0 Energy Source ElectricPropane Environment Survey N EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear N General Zoning Classification Commercial Gross Adjusted Income 0 Gross Rent Multiplier 0 Gross Scheduled Income 0 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Lot Number 123 And Part Of 80-86 Net Operating Income 0 Other Expenses 0 Possession Negotiable Power Company Grays Harbor Pud Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Ocean Shores Tax Amount 0 Tax Year 0 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 0 Vacancy Rate 0 Water Company City Of Ocean Shores Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

Listing information © 2017 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-06-26T21:17:12.947.

Click here for Digital Millennium Copyright Act
Ben Kinney Real Estate Team - Keller Williams Western Realty
2211 Rimland Drive Suite 124
Bellingham WA, 98226
Listing Courtesy of Windermere R.E. Ocean Shores.