Wheeler On The Bay Lodge House/Motel/APT 580 Marine Dr

For sale for
ROOM MIX INFORMATION
DESCRIPTION No. of rooms Average Daily Rate
Studio units 9 $ 215
2 Bedroom Guest Room 1 $ 235
3 bedroom / 2 bath suite 1 $ 350
Apartment mo to mo 1 $ 1,300 projected price/apartment will be vacant at close
2200 +/- square foot House Owner Occupied
Renovation in 2010 and is ongoing between 2017 - 2023
INVESTMENT HIGHLIGHTS
Wheeler on the Bay Lodge is located in the historic town of Wheeler directly on the banks of the Nehalem Bay, which is one of Oregon's largest and most scenic waterways. It's the only motor lodge on Nehalem Bay with rooms right on the water and a private dock. It is a favorite among fisherfolk because of the excellent summer and fall Salmon runs, year-round crabbing, and proximity to Portland and Salem. The extended fishing opportunities keep the lodge busy beyond the standard tourist season.
The Nehalem River is the only river on the Oregon coast besides the Columbia to get a recognized summer Chinook run.
• Chinook summer AND fall runs, fishing well through October
• Coho Salmon appear from August through October.
• Steelhead are present from November to April, with February and March being the best time.
• Cutthroat Trout are year-round, with the best time being mid-July through mid-September.
• Crabbing is year-round, with September through December being the meatiest.
Guests can moor their boats at the private dock.
The waterfront location offers breathtaking views of Neahkahnie Mountain and the Northern Oregon Coast Range. The area is a scenic haven. The Nehalem River is home to a variety of species both in and out of the river. From this vantage point, one may see elk, eagles, herons, river otters, and the curious seal or two.
The historic Wheeler on the Bay Lodge is just 85 miles west of Portland, perfect for a romantic getaway, family vacation, or travelers seeking a quiet, relaxing escape.
The motel attracts visitors looking to relax in the countryside. The location is ideal for those excited about fishing, crabbing, clamming, bird watching, hiking, kayaking, surfing, playing on the beach, riding horses, antiquing, exploring quaint coastal towns, or just curling up by the fire with a good book.
Rooms provide a cozy retreat. Each room is individually themed with tasteful decor. All are smoke-free and have a kitchenette and gas fireplace. Some have jetted tubs; most have private decks. The garden has a tiered patio area with picnic tables, Adirondack chairs, and BBQ grills. The panoramic view of the mountains and water from the property gives the perfect vantage point for stunning sunsets.
Extensive renovations and remodeling of the hotel have made the property a turnkey opportunity. There has been a significant growth in revenue since the ongoing redesign.
The winner of multiple hospitality awards, including the #1 spot for 100
Best Fan Favorite Destinations in Oregon in 2018, this property offers a dream opportunity. Exceptional reviews across the internet show Wheeler on the Bay Lodge's excellent hospitality, which praise the spotlessly clean and comfortable rooms, the attention to detail, and the scenic beauty.