Bought with Windermere R.E. Ocean Shores
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Key Details
Sold Price $4,550,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Moclips
MLS Listing ID 1264908
Sold Date 09/17/21
Style 61 - Comm Bldg Ovr 10K
Year Built 1955
Annual Tax Amount $48,472
Lot Size 10.170 Acres
Lot Dimensions Irr
Property Sub-Type Commercial Industrial
Property Description
The Ocean Crest Resort is an iconic resort on the Washington Coast. 43 units, most with ocean views with many remodeled, restaurant and gift shop. Recreation facility with indoor pool, sauna, fitness room and massage. On 100 foot wooded ridge with dramatic views and staircase to beach. 1,200+ ft of lower beach level property for cottage development connected to resort. 3 miles to Seabrook. 2019 gross income over $2.5 million. Based on 2019 financials with adjustments CAP rate is 8.5%
Location
State WA
County Grays Harbor
Area 218 - Moclips
Interior
Interior Features Forced Air, Heat Pump, Hot Water Recirc Pump, Concrete, Wall to Wall Carpet
Flooring Concrete, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric, Geothermal, Propane
Roof Type Built-Up,Composition,Metal
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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