147 Howerton Ave - Hospitality FOR SALE


Ilwaco, WA 98624
$2,250,000 USD
503-577-7710
147 Howerton Ave, Ilwaco, WA for Sale
$2,250,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

147 Howerton Ave
Ilwaco, WA 98624


OVERVIEW

Salt Hotel & Pub is a unique 21 unit hotel & restaurant located right on the Port of Ilwaco. This leasehold interest was originally built in 1972 and recently renovated, creating a modern and inviting getaway for guests. All of the guestrooms are well-appointed with comfortable beds and dockside decor. The onsite restaurant is family friendly and includes a full bar with indoor and outdoor seating and panoramic views of the marina. The property also includes an upstairs harbor view event space that can accommodate up to 60 people as well as an onsite Norwegian style sauna. Nestled in the charming coastal town of Ilwaco, WA, this property offers an attractive investment opportunity in a tourism-driven community. Situated near the breathtaking Cape Disappointment State Park and the historic Cape Disappointment Lighthouse, the area provides a picturesque backdrop for a hospitality & restaurant establishment. Visitors can explore the nearby Long Beach Peninsula, famed for its pristine beaches and welcoming atmosphere, while also enjoying local attractions such as the Columbia Pacific Heritage Museum and the Ilwaco Marina. Ilwaco, WA is less than 30 minutes from Astoria, OR and the area is a common destination for residents of both the Portland, OR and Seattle, WA metro areas.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$197 USD /SF

# OF ROOMS

21

PRICE/ROOM

$107,143 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salt Hotel & Pub

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

90

LAND DETAILS

LAND ACRES

12.27 AC

LAND SF

534,481 SF

ZONING

UGA

APN/PARCEL ID

73031014000

ASK ABOUT THIS PROPERTY

Brian Resendez, CCIMNW Hotel AdvisorsMore Info
503-577-7710

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Brian Resendez, CCIMNW Hotel AdvisorsMore Info
503-577-7710

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