90 2nd Street, Asotin, WA 99402
Courtesy of Coldwell Banker Tomlinson Associates. Main: 208-746-7400
- $399,000
- 3,513
- SqFt
- List Price
- $399,000
- Price Change
- ▼ $100,000 1771368794
- Days on Market
- 272
- Status
- ACTIVE
- MLS#
- 98948809
- Subdivision
- 0 Not Applic.
- County
- Asotin
- Sq. Ft
- 3513
- Year Built
- 1969
- Acres
- 0.39
- Age
- 1969
Property Description
The Asotin Lodge! Cash cow investment property at a 10% CAP Rate with additional upside. Full renovation in the early 2000s, make this property clean and solid. 4 hotel rooms are new with kitchenettes are bringing in ~$22.9k NET annually leasing to traveling nurses. Restaurant space is on a Triple-Net Lease at $2,730/month. THE UPSIDE --> Hotel rooms are only leveraged at approx 50% capacity because they are not being marketed. Landlord owns the restaurant kitchen trade fixtures, but tenant maintains them. Restaurant lease is up in Aug 2026, but option to extend. Fuel tanks from the gas station are still available. They have been placed in inactive status, but the owners have kept up on all the state inspections and have protection equipment on them. Land to the West of the lodge is part of this parcel, and had been planned for RV Spaces or considered Jet Boat storage bays. Buyer to verify feasibility of the possibilities of the extra lot space and what would be required to re-activate fuel pumps.
Additional Information
- Land Use
- Other
- Sq. Ft
- 3513
- Construction
- Concrete, Log, Wood Siding
- Lot Features
- 10000SF - .49
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- School District
- Asotin Anatone
- Elementary School
- Asotin
- Middle School
- Asotin
- High School
- Asotin
- Taxes
- $3,343
- Tax Year
- 2024
- Parcel Number
- 10440000800010000
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