Successful Deal! Waves of Newport Hotel

The Waves Hotel is located in Newport, Oregon directly across from Nye Beach, Newport’s central historic district. Nye Beach is a 12-block haven of coastal eateries, boutique shopping and beach access. This property encompasses a full city block including four tax lots on a total of 1.36 acres. The 60-unit motel sits on the C-2 zoned tax lot closest to the ocean and includes two – three story exterior corridor buildings with an elevator and another two-story building that includes a lobby, breakfast area, sun room, guest / in-house laundry facilities and an upstairs one bedroom / one bath manager’s suite. The 3 other tax lots are zoned R-4 and include a pool house with an indoor pool, sauna and hot tub and other storage space, and two rental houses with a garage and storage shed.

Brian Resendez, a licensed Real Estate Broker in Oregon and Washington, closed the deal in September 2019. View similar properties for sale and lease in properties.