Address

439 S Hemlock St,  Cannon Beach, OR 97110 MLS# 16577896 $3,950,000 Sale Pending

Description

Fantastic opportunity to own two charming Cannon Beach hotels, with strong income history and stellar locations. Both hotels are perfectly situated in the heart of the Presidential Streets, with almost two full blocks of exposure on the main thoroughfare. Close to a 10% cap rate, and almost 13% cash on cash return makes this one of the best commercial buys on the North Coast.

Interior Features

12,000

Exterior Features

1946

0.87

Taxes & Fees

$11820.85

Cannon Beach and Manzanita Real Estate – Kamali & Company, Inc.

587 Pacific Way|PO Box 2300
Gearhart, Oregon 97138
503.739.2772
info@kamalicompany.com
http://www.kamalicompany.com
http://www.facebook.com/CannonBeachRealEstate
Courtesy of Cascade Sotheby's International Real

Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Kamali & Company are marked with the IDX logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright ©2017 RMLS™, Portland, Oregon.

This content last updated on 04/30/2017. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.