615 S Main St - Hospitality FOR SALE


Colfax, WA 99111
$1,490,000 USD
509-339-7860
615 S Main St, Colfax, WA for Sale
$1,490,000 USD
Hospitality - FOR SALE
1/55
null | 6% Cap Rate

615 S Main St
Colfax, WA 99111


OVERVIEW

Located on 0.2 acres in Colfax, WA, this 9,250 sq. ft. hotel offers 20units, including 13 one-bed units, 5 two-bed units, 1furnished apartment, and 1 unfurnished apartment. Built in 1949 with new flooring, the property also includes an office, laundry room and four storage closets. Its prime location is 30-minutes from Washington State University, the University of Idaho, and the regional airport, drawing steady demand year-round. From college football games and parent weekends to festivals and community events like the Lentil Festival, the area provides a constant flow of activity. With a long history of both short- and long-term tenants, this property is a reliable and versatile investment in a thriving college-town community.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$161 USD /SF

# OF ROOMS

19

PRICE/ROOM

$78,421 {currency}

CAP RATE

6%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Siesta Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1949

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,881 SF

ZONING

Commercial General

APN/PARCEL ID

100400041050002,100400041060000

ASK ABOUT THIS PROPERTY

Tyler LaVoieKw PalouseMore Info
509-339-7860

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Tyler LaVoieKw PalouseMore Info
509-339-7860

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