924 W Highway 2 - Hospitality FOR SALE


Newport, WA 99156
$1,875,000 USD
509-991-2942
924 W Highway 2, Newport, WA for Sale
$1,875,000 USD
Hospitality - FOR SALE
1/21
null | 11.89% Cap Rate

924 W Highway 2
Newport, WA 99156


HIGHLIGHTS

  • 24 Unit Motel
  • Consistently high occupancy rate
  • Former Restaurant / Bar Attached - Vacant 4,000 SF
  • Call listing brokers for more information

OVERVIEW

Exceptional investment opportunity featuring a 24-unit motor inn in the growing community of Newport, Washington. This well-maintained property benefits from consistently strong occupancy and excellent visibility along highly traveled Highway 2. The offering includes an attached former restaurant and bar building with seating for approximately 150 guests, presenting significant value-add potential and a variety of possible redevelopment or operating uses. Additional improvements include a spacious on-site two-bedroom manager's residence. With easy access, strong highway exposure, and multiple income-generating opportunities, this property is ideally positioned for an owner-operator or investor seeking a hospitality asset with upside potential.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$169 USD /SF

# OF ROOMS

24

PRICE/ROOM

$78,125 {currency}

CAP RATE

11.89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Spur Motor Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,984 SF

ZONING

H

APN/PARCEL ID

453124-56-0095

ASK ABOUT THIS PROPERTY

Ron HansenColdwell Banker Tomlinson NorthMore Info
509-991-2942

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Ron HansenColdwell Banker Tomlinson NorthMore Info
509-991-2942

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