Dorchester House - New Price!

2701 NW Highway 101, Lincoln City, Oregon 97367

$4,200,000

Status:
Available
County:
Lincoln
Units:
69
Year Built:
1935
Unit Price:
$60,870
Land Size:
1.41 Acres
Building Size:
35,640 sq. ft.
Price per SF:
$118
CAP Rate:
6.90%
Unit Mix:

Sixty-nine (69) units consisting of twenty-one (21) studios, forty-six (46) one-bedroom, and two (2) two-bedroom units. 

Floors:
3
Open Parking:
Yes
View:
Walking distance to beach
Laundry Room:
On-site
On Site Manager:
Yes
Roof Type:
Composite
Patio Deck:
Some
Property Photo

Built-in 1935 and expanded in 1984, the Dorchester House offers investors a rare opportunity to acquire a historical and exceptionally well-maintained investment asset on the Oregon Coast. Designed to be reminiscent of an English-style country inn, the property initially opened as a hotel. Listed on the National Register of Historic Places, it features a full commercial kitchen and abundant common area amenities including a library, dining room, patios, and private garden. 

69
Units
1935
Year Built
35,640
SQ. FT.

Property Location