Historic Riverfront Hotel + Thriving Bar/Restaurant | SBA Eligible
Coldwell Banker Commercial Grass Roots Realty is pleased to present the Washington Hotel, a rare opportunity to acquire a Gold Rush-era riverfront hospitality asset in Washington, CA. Positioned directly on the South Yuba River, this iconic 8,206 SF, mixed-use property includes:
- 14 guest rooms
- A high-performing full-service restaurant & bar
- A 2BD/1BA apartment (2,172 SF) on the third floor
Currently generating approx. $533,000 in annual gross income (2024), the restaurant and bar produce ~85% of revenue, benefiting from a Type 47 liquor license (included, est. $175K value). Assuming market rent for the apartment, pro forma income reaches $555,000, with ~$88,000 in NOI, equating to an 8.9% cap rate at $995,000($121/SF).
With a well-established food & beverage business, tremendous hospitality upside, and SBA financing potential, the Washington Hotel is an exceptional opportunity to own a cash-flowing asset with deep historic charm and outdoor appeal.
Investment Highlights:
- 8,206 SF on 0.51 acres across 3 floors
- 14-room hotel with significant upside (10% occupancy)
- Bar & restaurant with riverfront beer garden and full commercial kitchen
- Immediately achievable 8.9% cap rate upon renting the apartment at market rate
- Third-floor 2BD/1BA apartment offers owner-occupant or rental flexibility
- Direct river access to one of the region’s premier swimming holes
- Constructed in 1865, renovated in 2017