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USAWAAsotin90 2Nd St
90 2 Nd St, Home with 0 bedrooms, 0 bathrooms and 10 parking in Asotin WA | Image 1
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$550,000

90 2 Nd St, Asotin, WA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 3513 sqft
Garage No
Maintenance Fees 
Taxes $3,344
Days Active 17
Approx. Age 1969
Avg. Price Per Sqft $156
MLS® Number 98948809

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number98948809
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1969
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CCentral Air, Wall/Window Unit(s)
Heating Fuel

Extras

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