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Additional details
Listed by Keller Williams Realty Professionals
$ 2,700,000
Est. payment /mo
Price Dropped by $500K
11324 NE SANDY BLVD Portland, OR 97220
7,294 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel Motel
Listing Status Active
Purchase Type For Sale
Square Footage 7,294 sqft
Price per Sqft $370
MLS Listing ID 375021372
Year Built 1930
Annual Tax Amount $21,604
Tax Year 2025
Lot Size 0.710 Acres
Property Sub-Type Hotel Motel
Property Description
Exceptional 24-Unit Income-Producing Motel on NE Sandy Blvd. Prime investment opportunity along NE Sandy Blvd, offering excellent visibility, strong traffic counts, and convenient access to major transportation corridors. This 24-unit motel spans multiple buildings and includes an on-site office paired with a spacious 4-bedroom, 2-bath manager's residence - ideal for owner-operators seeking operational efficiency or investors looking to generate additional rental income. The office/residence features a well-designed layout with a generous kitchen that opens to the main living area, a primary bedroom on the main level, and additional living space on the lower floor. Its configuration supports multigenerational living, extended-stay occupancy, or flexible use depending on ownership needs. Floor plans available upon request. Strategically positioned along a corridor undergoing significant infrastructure upgrades and long-term mixed-use redevelopment, the property stands to benefit from continued neighborhood growth and future value appreciation.With close proximity to Portland International Airport, I-205, and key retail and service amenities, this asset is well suited for continued motel operations or a value-add repositioning strategy. Financials available upon request. Buyer to perform all due diligence.
Location
State OR
County Multnomah
Area _142
Zoning CE
Interior
Heating Mini Split, Wall Heater
Cooling Mini Split
Equipment Fixtures, Furniture, SecuritySystem, SmokeDetector
Exterior
Roof Type Metal
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash
Listing Terms Cash
Amenities & Attractions