1614 N 1st St - Hospitality FOR SALE


Yakima, WA 98901
$7,800,000 USD
503-530-1316
1614 N 1st St, Yakima, WA for Sale
$7,800,000 USD
Hospitality - FOR SALE
1/34
null | 7.06% Cap Rate

1614 N 1st St
Yakima, WA 98901


HIGHLIGHTS

  • Upper Midscale | Select-Service | 74 Keys - 7.06% Cap Rate | 5.12% ROI | 4.76 GRM (Actuals)
  • Located In A Qualified Opportunity Zone For Tax Incentives
  • Recently Updated Property Improvement Plan (PIP)
  • Four-Season Outdoor Recreation Area | 90+ Wineries in Yakima Valley Wine Country
  • Drive-To Market For Seattle, Portland, & Major Metro
  • Cultural, Business & Agritourism Destination

OVERVIEW

Franchise Hotel in Yakima Valley Opportunity Zone - JUST LISTED Best Western Plus Yakima Hotel is a 74-key, interior corridor, select-service, upper-midscale hotel operating under the Best Western Plus brand. The property recently completed a full Property Improvement Plan (PIP), reducing near-term capital needs and supporting current brand compliance. Located within a federally designated Qualified Opportunity Zone, the asset may offer potential tax advantages, subject to buyer due diligence. On-site amenities include a daily hot breakfast, an indoor pool and hot tub, a fitness center, a business center, and accessible accommodations. The guestroom mix includes king and queen rooms, an apartment-style suite with a full kitchen and living space, and ADA-compliant units. With a stabilized operating base and strong brand affiliation, the hotel serves a broad mix of business, group, and leisure guests year-round. The Best Western loyalty platform further supports repeat traffic and national brand visibility. The hotel's central Washington location is roughly 200 miles by car from Seattle, Portland, and Spokane, supporting drive-to regional demand. In 2024, Yakima County welcomed 2.5 million visitors, generating more than 500,000 room nights and nearly $400 million in travel spending. The region attracts steady demand from wine tourism, outdoor recreation, agritourism, cultural programming, and commercial travel. LOCATION Located in Central Washington, Yakima offers a historic, walkable downtown, year-round outdoor access, and more than 300 days of sun. Downtown features vintage storefronts, local shops and cafes, galleries, museums, and a theater for films and live performances. The Yakima River supports rafting, kayaking, and fishing, while nearby foothills and Cascades trails offer hiking and biking in warmer months and skiing in winter. As Washington’s first wine region and a major agricultural hub, the valley anchors agribusiness and agritourism. The Yakima Valley, with easy Interstate and Highway access, attracts drive-to tourism from Seattle, Tri-Cities, Spokane, and Portland. IMPORTANT Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES! Buyer's Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$203 USD /SF

# OF ROOMS

74

PRICE/ROOM

$105,405 {currency}

CAP RATE

7.06%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Plus Yakima Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1996

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

GC

APN/PARCEL ID

181312-44021,181312-44403,181312-44404,181312-44405,181312-44406

ASK ABOUT THIS PROPERTY

Joseph KennedyCrystal Investment PropertyMore Info
503-530-1316

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Joseph KennedyCrystal Investment PropertyMore Info
503-530-1316

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