407 W 1st Ave - Hospitality FOR SALE


Ritzville, WA 99169
$469,000 USD
509-989-3309
407 W 1st Ave, Ritzville, WA for Sale
$469,000 USD
Hospitality - FOR SALE
1/10
null | 12.05% Cap Rate

407 W 1st Ave
Ritzville, WA 99169


HIGHLIGHTS

  • Near downtown Ritzville
  • Eastern Washington Hub
  • Remodeled Units

OVERVIEW

Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has its own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11 total units of income.

FOR SALE DETAILS

PRICE

$469,000 USD

PRICE/SF

$117 USD /SF

# OF ROOMS

11

PRICE/ROOM

$42,636 {currency}

CAP RATE

12.05%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westside Motor Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C-2

APN/PARCEL ID

1935230502401

ASK ABOUT THIS PROPERTY

Jay KincaidWindermere Real Estate K-2 RealtyMore Info
509-989-3309

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Jay KincaidWindermere Real Estate K-2 RealtyMore Info
509-989-3309

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