4710 Lake Washington Blvd NE - Hospitality FOR SALE
Renton, WA 98056 |
4710 Lake Washington Blvd NE
Renton, WA 98056
HIGHLIGHTS
- Ideal repositioning opportunity to convert 116 furnished hotel rooms to SEDUs averaging 303 SF with potential to generate over $150k in monthly income
- 118 existing parking stalls, providing ample opportunity to achieve parking income in excess of $20k annually
- Existing amenities include outdoor pool, lobby, in-unit air conditioning, common laundry, and community lounge with fireplace
- Average effective rent in Renton was $2,101 per month in Q2 2024, up 24.6% over the last five years
- Three-story hotel operating as the Inn at Lake Washington, formerly Econo Lodge, with option to be delivered fully vacant at closing
- Long-term covered land play with option for redevelopment; rezoning scenario supports up to 400 multifamily units across the 2.03-acre lot
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Inn at Lake Washington by OYO I-405
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
35608
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
B
YEAR BUILT
1987
PARKING SPACES
104
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
CA
APN/PARCEL ID
334330-1120
