Rodeway Inn Willamette River | 345 NW 2nd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Rodeway Inn Willamette River 345 NW 2nd St
67 Room Hotel Corvallis, OR 97330 $10,631,025 CAD ($158,672 CAD/Room) 4.36% Cap Rate
Investment Highlights
- Restaurant with Six- One bedroom apartment units above
- Adjacent to the Willamette Riverfront Park
- Rodeway Inn and Chine Delight Restaurant can be purchased togetherat a listing price of $8,400,000.00
- Close proximity to restaurants, brew pubs, and coffee shops
- Close to Oregon State University Campus
- Rodeway Inn can be acquired separately for $7,000,000.00 and China Delight for $1,400,000.00
Executive Summary
The Rodeway Inn Willamette River offers a unique investment opportunity in Downtown Corvallis and home to the Oregon State University. The property includes a 63 unit, two story, interior corridor hotel building. The room types include four King size family suites with jetted spa baths, King single rooms, Queen single rooms, and Queen double rooms. A separate managers office building also includes a four bedroom, two bath managers apartment. In addition, there is a separate commercial building that houses the China Delight Restaurant and Lounge, a Corvallis fixture for more than two decades and six one bedroom, one bath apartment units above the restaurant and lounge.
The hotel and restaurant can be acquired together or separately.
The hotel and restaurant can be acquired together or separately.
Property Facts
| Price | $10,631,025 CAD | Building Size | 22,156 SF |
| Price Per Room | $158,672 CAD | No. Rooms | 67 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 4.36% | Year Built/Renovated | 1979/2012 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.25/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.96 AC | Opportunity Zone |
Yes
|
| Price | $10,631,025 CAD |
| Price Per Room | $158,672 CAD |
| Sale Type | Investment |
| Cap Rate | 4.36% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 22,156 SF |
| No. Rooms | 67 |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2012 |
| Tenancy | Single |
| Parking Ratio | 3.25/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $331.69 CAD | - |
| Guest Room | 63 | $131.82 CAD | - |
1 of 1
Walk Score ®
Very Walkable (81)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $3,079,696 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,079,696 CAD
zoning
| Zoning Code | CMU-3 (Commercial Mixed Use) |
| CMU-3 (Commercial Mixed Use) |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Rodeway Inn Willamette River | 345 NW 2nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.