SQUARE FEET3,513
MLS#98948019
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Wall/Window Unit(s)
Lot Size: 0.39 Acres
Amenities
Paved Outside Area
Feature Descriptions
Construction Materials: Concrete, Log, Wood Siding
Days on Site: 332
Exterior: Concrete, Log, Wood
Lot: 10000 SF - .49 Acre
Parcel#: 10440000800010000
Utilities: Sewer Connected
Water: City Service
Listed By / Shown By
Listed and Shown By
Agency Name: Coldwell Banker Tomlinson Associates
Agent Name: Kristin Gibson
Agent Phone: (208) 791-2740
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90 2nd Street | MLS# 98948019
This commercial property located at 90 2nd Street, Asotin, WA 99402 is currently listed for sale by Coldwell Banker Tomlinson Associates, with an asking price of $399,000. Search Asotin real estate on kgibson.cbquadcities.com today.