15432 Washington Rd - Storefront Retail/Residential FOR SALE


Washington, CA 95986
$995,000 USD
530-272-7222
15432 Washington Rd, Washington, CA for Sale
$995,000 USD
Storefront Retail/Residential - FOR SALE
1/68
null | 8.9% Cap Rate

15432 Washington Rd
Washington, CA 95986


HIGHLIGHTS

  • The Washington Hotel is presented for sale with immediate yield with clear operational upside
  • This investment sale includes a Type-47 Liquor License
  • There is also a revenue generating bar and restaurant with a commercial kitchen on-site
  • Property offers a third-floor two-bed/ one-bath apartment

OVERVIEW

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

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Washington Hotel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1865

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-1

APN/PARCEL ID

064-060-053-000

ASK ABOUT THIS PROPERTY

Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

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Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

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