13504 W Sunset Hwy - Hospitality FOR SALE


Airway Heights, WA 99001
$1,399,000 USD
509-808-6244
13504 W Sunset Hwy, Airway Heights, WA for Sale
$1,399,000 USD
Hospitality - FOR SALE
1/2
null | 13.2% Cap Rate

13504 W Sunset Hwy
Airway Heights, WA 99001


OVERVIEW

- Lot Size: 0.43 Acre - Number of Units: 14 - Price per Unit: $99,929 - Net Operating Income: $184,621 - Cap Rate: 13.2% (based on actuals) - 14 unit independent motel with strong occupancy, majority extended stay tenants ensuring consistent cash flow. - Attractive 13.2% Cap rate supported by actual in-place income - 0.43 Acre site with C-2 Zoning allows for expansion and additional units to enhance long-term value - Six miles from Spokane International Airport, minutes to Fairchild Air Force Base and Northern Quest Resort and Casino - Independent operation with no franchise encumbrances, offering investor flexibility to reposition, rebrand, or operate as an efficient economy motel

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$263 USD /SF

# OF ROOMS

14

PRICE/ROOM

$99,929 {currency}

CAP RATE

13.2%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heights Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,800 SF

ZONING

C-2

APN/PARCEL ID

15233.0711

ASK ABOUT THIS PROPERTY

Jesse ClarkNAI BlackMore Info
509-808-6244

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Jesse ClarkNAI BlackMore Info
509-808-6244

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