2291 Highway 141 - Hospitality FOR SALE


Trout Lake, WA 98650
$1,925,000 USD
425-418-3988
2291 Highway 141, Trout Lake, WA for Sale
$1,925,000 USD
Hospitality - FOR SALE
1/73
null | 8.5% Cap Rate

2291 Highway 141
Trout Lake, WA 98650


HIGHLIGHTS

  • Proven Income with Room to Grow. Earning an 8–9% cap rate with minimal marketing. Built on word-of-mouth and strong reviews. More upside to be had.
  • Prime Location for Year-Round Adventure Set in Trout Lake, WA, a four-season destination at the base of Mt. Adams—popular for recreation.
  • Turnkey & Low-Maintenance Operation Fully operational and thoughtfully set up to be mostly hands-off business.
  • Unique, Branded Experience Distinct "cozy cabin" identity that resonates with families, couples, and pet owners. Cabins are pet friendly.
  • Room to Grow Potential to increase occupancy, add additional cabin, raise rates, or expand amenities like hot tubs, EV charging, recreation package.
  • Property features Mt. Adams Views, Pizza Restaurant/Commercial building(leased), 5 Private cabins.

OVERVIEW

If you are looking for a unique investment opportunity with rustic charm and modern comfort, look no further than the Trout Lake Cozy Cabins. This property features 5 well-maintained cabins nestled in the woods and a restaurant/lodge (currently leased out to Mt. Adams Pizza) on a 2.18 acre lot. The cabins exude charm and are very well-appointed featuring cedar siding, blued pine interior walls (milled from trees on the property), kitchenettes (Cabin #5 has a full kitchen and laundry), bathroom, and rustic propane fireplaces. The property features lush green lawns, gardens, a community firepit, hammocks, a waterfall feature, a plumbed and wired hot tub area, and in-ground sprinkler systems throughout. Guests enjoy the views of majestic Mt. Adams from their porch or exploring the immediate nearby attractions such as Mt. Adams wilderness, Gifford PinchotNational forest, hiking trails, waterfalls, ski trails, sno-parks,mountain lakes, fishing areas, and so much more. The cabins have a loyal customer base with many frequent returning guests and word-of-mouth referrals. The cabins are also beneficiaries of year-round demand driven by the seasonal recreational activities in the area. Whether you want to ski/snowmobile in the winter, fish in the spring, hike or swim in the summer, hunt in the fall, or just getaway and relax any time of the year,there is something for everyone in Trout Lake. The property also has great upside potential through expansion or renovation, advertising (very little advertising over the last 10 years and mostly referral based), as well as an ideal setting for hosting events such as weddings, retreats, or reunions. Within close proximity to Portland and Seattle (1.5 hrs from PDX), this is a rare opportunity to own a gem of income producing property and a piece of paradise in the Pacific Northwest. Seller prefers showings first prior to financials beings sent. Sellers of this property are licensed realtors in the state of Washington.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$575 USD /SF

# OF ROOMS

5

PRICE/ROOM

$385,000 {currency}

CAP RATE

8.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trout Lake Cozy Cabins

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

RR2

APN/PARCEL ID

06102353000500

ASK ABOUT THIS PROPERTY

Christina WoodReal Broker LlcMore Info
425-418-3988

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

Christina WoodReal Broker LlcMore Info
425-418-3988

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