11 Chabot Rd, Copalis Beach, WA 98535
54 Room Hotel | Copalis Beach, WA 98535 | $8,500,000 ($157,407/Room) | 9.03% Cap Rate
For Sale
Active
63 pictures
Asking Price $8,500,000
- Property Type
-
Hospitality
- Square Feet
- 48,710 SF
Listing Contacts
- Property Info
Property Overview
54 Unit condominium project on 26.53 acres of oceanfront property currently being operated as Surfcrest Resort. Six residential buildings, three support buildings, pool, playground, bar-b-que area and kayak launch on Conner Creek. Each of the 54 condo units has the same 650 square foot two story floor plan offering operational efficiencies.
Additional undeveloped acreage along State Route 109 for future expansion or a complimentary stand alone development. This acreage was once home to Alexanders By The Sea, a resort built in the 1920’s and torn down in the early 1970’s. Alexanders was approximately 16 cabins along with an owners cabin.
Opportunity to operate as a resort, or update the condos and sell the units individually. County is open to a PUD process which can be completed in a short time frame.
Potential owner financing available with $2,500,000 down, and the balance carried at 6%, 30 year amortization, all due in 10 years.
Additional undeveloped acreage along State Route 109 for future expansion or a complimentary stand alone development. This acreage was once home to Alexanders By The Sea, a resort built in the 1920’s and torn down in the early 1970’s. Alexanders was approximately 16 cabins along with an owners cabin.
Opportunity to operate as a resort, or update the condos and sell the units individually. County is open to a PUD process which can be completed in a short time frame.
Potential owner financing available with $2,500,000 down, and the balance carried at 6%, 30 year amortization, all due in 10 years.
Property Details
- Class
- B
- Year Built/Renovated
- 1974/2023
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 1,161,310 SF
- Units
- 54
Highlights
- Value Add Opportunity with vacant land on State Route 109
- 900 feet of ocean frontage
- Zero lot line and sell condominiums individually or operate as a resort
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