43200 SE North Bend Way - Hospitality FOR SALE


North Bend, WA 98045 | 
$4,250,000 USD
206-310-3841
43200 SE North Bend Way, North Bend, WA for Sale
$4,250,000 USD
Hospitality - FOR SALE
1/8
null | 7.75% Cap Rate

43200 SE North Bend Way
North Bend, WA 98045


HIGHLIGHTS

  • Ideal commercial site allowing up to three stories and/or 35’ height limit
  • Remodeled rooms
  • Views of Mt SI
  • Land bank for later redevelopment with cash flow
  • Low overhead management allowing for nightly, weekly and monthly rentals
  • Approximately 58,806 square foot corner lot (1.35 acres)

OVERVIEW

The property offers an investor, developer or special interest group the opportunity to own a 58,806 square foot commercial lot that is ripe for development or hold for future development. The property currently is fully functioning and operates as the Mt SI Motel. This motel leases to residents who want to stay for single nights, weekly periods and extended stays lasting months. The property functions predominantly like a long-term apartment complex.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$1,017 USD /SF

# OF ROOMS

17

PRICE/ROOM

$250,000 {currency}

CAP RATE

7.75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mt. Si Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

NMU

APN/PARCEL ID

152308-9095

ASK ABOUT THIS PROPERTY

Jeff ForsbergNAI Puget Sound PropertiesMore Info
206-310-3841

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Jeff ForsbergNAI Puget Sound PropertiesMore Info
206-310-3841

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