101 Dutch Cup Ln - Hospitality FOR SALE


Sultan, WA 98294
$3,995,000 USD
206-505-9438
101 Dutch Cup Ln, Sultan, WA for Sale
$3,995,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

101 Dutch Cup Ln
Sultan, WA 98294


HIGHLIGHTS

  • Primary Motel In Sultan, Washington
  • Total Lot Size: 2.39 Acres
  • High Visibility From Hwy-2
  • Exceptional Redevelopment Potential On Sizable Lot

OVERVIEW

The property for sale includes the Dutch Cup Motel, three single family houses, a 4-plex, and 3 operational mobile home pads situated on a large 2.39 acre lot in Downtown Sultan. Exceptional redevelopment potential on a sizable lot. Originally constructed in 1970, the Dutch Cup is a 22-key motel which fronts Main Street and has great visibility from Highway 2. Directly behind the Dutch Cup is about 2 acres of flat land that is zoned for high density residential. This additional land includes the single family rentals, 4-plex building, and mobile home pads which all provide income for the owner. Exceptional redevelopment potential on a sizable lot. This opportunity allows for an investor to maximize operations of the Motel since it is the only motel in Sultan, WA. The Dutch Cup is a very charming and inviting motel. The current ownership group self manages and have operated the motel for many years. Additionally, we believe an investor can redevelop the 2 acres of land in the back to build either multifamily housing or single family homes. Large national home builders such as Lennar are already taking advantage of Sultan’s lack of housing supply and immediate proximity to major employers. An investor will be able to hold and optimize for income while applying for permits to redevelop the land in back. Utilities are already on site.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$349 USD /SF

# OF ROOMS

21

PRICE/ROOM

$190,238 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Cup Motel & Residences

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

34

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

M1

APN/PARCEL ID

004791-001-013-00

ASK ABOUT THIS PROPERTY

River VoorheesWestlake Associates, Inc.More Info
206-505-9438

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River VoorheesWestlake Associates, Inc.More Info
206-505-9438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.