520 N 2nd Ave - Hospitality FOR SALE


Walla Walla, WA 99362
$6,500,000 USD
503-530-1316
520 N 2nd Ave, Walla Walla, WA for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/10
null | 6.84% Cap Rate

520 N 2nd Ave
Walla Walla, WA 99362


HIGHLIGHTS

  • Updated Property Improvement Plan (PIP)
  • Located In A Qualified Opportunity Zone (QOZ) | Property May Have Potential To Expand
  • Choice-Backed Franchise & Loyalty Reach
  • Walkable Downtown Walla Walla Location | Restaurant Adjacent
  • 130+ Wineries Drive Year-Round Demand | US-12 & Airport Access, Drive-To Market

OVERVIEW

CIP Exclusive - Just Listed! Quality Inn & Suites Walla Walla is a 61-key, midscale, select-service, interior-corridor hotel under the Choice Hotels franchise. Recent renovations meet brand standards with no outstanding seller PIP, limiting near-term capital needs. Amenities include an indoor pool and spa, while accommodations offer a diverse mix of kings, queens, ADA rooms, and suites, with select units featuring kitchens or jetted tubs, supporting both business and leisure demand. The 2.03-acre site allows potential for site optimization or expansion, subject to buyer verification. Positioned just off US-12 for efficient regional access, with steady year-round visitation anchored by the Walla Walla Valley’s 130+ wineries. 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! Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$243 USD /SF

# OF ROOMS

61

PRICE/ROOM

$106,557 {currency}

CAP RATE

6.84%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Downtown Walla Walla

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1989

PARKING SPACES

74

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

C

APN/PARCEL ID

360720730103

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.