439 Hemlock ST, CANNON BEACH, OR

Clatsop Co: Cannon Beach/Tolovana Park / Cannon Beach, OR 97110 Directions

SOLD: $3,550,000

 

sq footage
12,000
acreage
0.87 acres
year built
1946
area
Clatsop Co: Cannon Beach/Tolovana Park
mls
16577896
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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.

Courtesy of Cascade Sotheby's International Realty.

Property Details
Status
Sold
Construction
Wood
Heating/Cooling
Zonal
Property Type
Commercial Sale, Hotel/Motel
Sewer/Septic
Public
Year Built
1946
Additional Features
Property Subtype
Hotel/Motel
Water
Public
Zoning and Taxes
Taxes
$11,820
Terms
Cash, Conventional
Zoning
R2

Location

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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.

Nearby Restaurants

Nearby restaurants recommended by Yelp reviewers.


Pig 'N Pancake

0.09 mile – 223 S Hemlock, Cannon Beach, OR 97110

EVOO

0.12 mile – 188 S Hemlock St, Cannon Beach, OR 97110

Lazy Susan Cafe

0.18 mile – 126 N Hemlock St, Cannon Beach, OR 97110

Local Grill & Scoop

0.22 mile – 156 N Hemlock St, Cannon Beach, OR 97110

Newmans at 988

0.24 mile – 988 S Hemlock St, Cannon Beach, OR 97110


View more nearby restaurants

Nearby Shopping

Nearby shopping recommended by Yelp reviewers.


Basketcase

0.14 mile – 123 S Hemlock St, Cannon Beach, OR 97110

Steidel's Art

0.15 mile – 116 S Hemlock St, Cannon Beach, OR 97110

Dena's Shop On the Corner

0.15 mile – 123 S Hemlock, Ste 101, Cannon Beach, OR 97110

La Luna Loca

0.16 mile – 107 N Hemlock St, Cannon Beach, OR 97110

The Good Life Shop

0.17 mile – 123 S Hemlock St, Ste 102, Cannon Beach, OR 97110


View more nearby shopping

Area Schools Great Schools

Nearby schools in this area:


Seaside Heights Elementary School

2000 Spruce St, Seaside, OR 97138

Broadway Middle School

1120 Broadway St, Seaside, OR 97138

Fire Mountain School

6505 Elk Flat Road, Arch Cape, OR 97102

Seaside High School

1901 North Holladay Dr, Seaside, OR 97138

Gearhart Elementary School

1002 Pacific Way, Gearhart, OR 97138

Nehalem Elementary School

36300 8th St, Nehalem, OR 97131

Warrenton High School

1700 SE Main, Warrenton, OR 97146

Neah-Kah-Nie Middle School

25111 Hwy 101n, Rockaway Beach, OR 97136

Neah-Kah-Nie High School

24705 Hwy 101 North, Rockaway Beach, OR 97136

Warrenton Grade School

820 SW Cedar St, Warrenton, OR 97146


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