Description
The Asotin Lodge! Cash cow investment property at a 10% CAP Rate with additional upside. Full renovation in the early 2000s, make this property clean and solid. 4 hotel rooms are new with kitchenettes are bringing in ~$22.9k NET annually leasing to traveling nurses. Restaurant space is on a Triple-Net Lease at $2,730/month. THE UPSIDE -- Hotel rooms are only leveraged at approx 50% capacity because they are not being marketed. Landlord owns the restaurant kitchen trade fixtures, but tenant maintains them. Restaurant lease is up in Aug 2026, but option to extend. Fuel tanks from the gas station are still available. They have been placed in inactive status, but the owners have kept up on all the state inspections and have protection equipment on them. Land to the West of the lodge is part of this parcel, and had been planned for RV Spaces or considered Jet Boat storage bays. Buyer to verify feasibility of the possibilities of the extra lot space and what would be required to re-activate fuel pumps.
Details
| MLS # | 98948809 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1969 |
| Days On Site | 451 |
| Listing Provided By | Coldwell Banker Tomlinson Associates | Levi Gibson |
Features
| SQ Feet | 3,513 |
|---|---|
| Units | 5 |
| Acreage | 0.39 |
Interior
| Cooling | Central Air, Wall/Window Unit(s) |
|---|---|
| Cooling Yes / No | Yes |
| Heating Yes / No | No |
Exterior
| Lot Features | 10000SF - .49 |
|---|---|
| Construction Materials | Concrete, Log, Wood Siding |
Utilities
| Utilities | Sewer Connected |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 3343.79 |
| Tax Legal Description | Ex. A |
Area Information
| State | WA |
|---|---|
| County | Asotin |
| City | Asotin |
| Zip Code | 99402 |
| Area | Asotin |
| School District | Asotin Anatone |
| Elementary School | Asotin |
| High School | Asotin |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | WA |
|---|---|
| County | Asotin |
| City | Asotin |
| Zip Code | 99402 |
| Area | Asotin |
| School District | Asotin Anatone |
| Elementary School | Asotin |
| High School | Asotin |