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Listed by Levi Gibson • Coldwell Banker Tomlinson Associates
$ 399,000
Est. payment /mo
Active
90 2nd Street Asotin, WA 99402
3,513 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,513 sqft
Price per Sqft $113
MLS Listing ID 98948019
HOA Y/N No
Lot Size 0.390 Acres
Acres 0.39
Source IMLS 2
Property 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.
Location
State WA
County Asotin
Area Asotin - 2500
Direction 2nd St In Asotin
Interior
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Exterior Feature Paved Outside Area
Utilities Available Sewer Connected
Building
Lot Description 10000 SF - .49 Acre
Faces 2nd St In Asotin
Story 1
Water City Service
Structure Type Concrete,Log,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 10440000800010000
Acceptable Financing Cash, Consider All, Conventional
Listing Terms Cash, Consider All, Conventional
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