Camas Hotel – IN CONTRACT – 10.05% Cap Rate, 18.64% ROI & 4.85 GRM

4891

Property ID

13,347 SqFt

Size

Description

IN CONTRACT – Seller will consider offers in backup position only.

Independent Hotel in the Heart of Historic Downtown

10.05% Cap Rate, 18.64% ROI & 4.85 GRM

Camas Hotel is a 23 key, select service hotel offering luxury rooms in the heart of historic Camas. This independent hotel seamlessly blends character details into upscale, interior corridor rooms. Guest amenities include a business center, guest laundry, wifi, and complimentary breakfast.

King and Queen Ensuite rooms draw visitors from the nearby major metro areas, and out of state. European-style rooms with shared bathrooms appeal to the diverse Pacific Northwest traveler demographic.

A cornerstone of the neighborhood, Camas Hotel is highly visible and accessible. A light-filled atrium at the Camas Hotel features event space for gatherings of up to 25 people.

The property includes leased restaurant and leased retail spaces at street level. The hotel has a 2 Bedroom/1 Bathroom Owner/Manager Quarters with a living room, kitchen, and private entrance. Owner/Manager Quarters can be used for rental income if desired.

The property, located in the Columbia River Gorge, is a short drive from Portland metro. Proximity to Portland International Airport makes the hotel a jumping-off point for travelers.

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Location:

The historic town of Camas, Washington has transformed itself into a luxury getaway. Camas’ charming downtown is home to boutiques, galleries, breweries, restaurants, and antique malls. Gateway city to the Columbia River Gorge, Camas has something for everyone. Day trips include Multnomah Falls, Columbia River Gorge Wine Tasting, Mt. St Helen’s National Park, and the Oregon Coast.

 

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.

 

Address

Address: 405 NE 4th Ave, Camas, WA 98607, USA
  • Province / State: Washington
  • City / Town: Camas
  • Postal code / ZIP: 98607
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  • Property ID 4891
  • Price $2,950,000
  • Property Type Hotel or Motel
  • Property status For Sale
  • Year Built 1911
  • Size 13,347 SqFt
  • Land area 0.10.1 Acres
  • Label Under Contract
  • Number of Units 23

Map View

Contact

Joseph Kennedy

Property Seller
503-530-1316
joe@crystalip.com
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