11942 Sandy BlvdPortland, OR 97220

For Sale
$4,600,000

Boutique Hotel, 24 Suites, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 24-suite boutique hotel, the Nordic Inn & Suites, presents a lucrative investment opportunity in Portland, Oregon. Located at 11942 NE Sandy Blvd, in Multnomah County, zip code 97220, this property boasts a prime location near Portland International Airport, Interstate 205, and Interstate 84, ensuring high occupancy rates driven largely by out-of-state travelers. The hotel features 5,058 square feet of well-maintained space on a 26,189 square foot lot, built in 1952 and zoned for Commercial Employment (CE). The property is in excellent condition, with zero deferred maintenance, showcasing above-market finishes, fixtures, and fittings. Beyond the 24 guest suites, a significant advantage is the inclusion of a spacious three-bedroom, two-bathroom manager's apartment, ideal for on-site staffing or management. The property's versatility is a key selling point

Highlights

  • Zero deferred maintenance.
  • Excellent condition reflecting pride of ownership.
  • Above-market finishes, fixtures, and fittings.
  • 24 guest suites.
  • Three-bedroom, two-bathroom manager's apartment.

Property Details for 11942 Sandy Blvd

Property type
Other hospitality properties, Hotels
Square Feet
5,058 SF
Year Built
1952

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5572889
Longitude
-122.5398168
11942 Sandy Blvd, Portland, Oregon

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11942 Sandy Blvd
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