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About the Listing 13058 - 570674,558186
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.
Listing Highlights for 90 2nd St
Status
Active
Days on Site
114
Property Type
Multi-Family
MLS ®
98948809
Year Built
1969
Total Square Footage
3,513
Lot/Acreage
0.39
County
Asotin
Neighborhood
0 Not Applic.
Area
Asotin - 2500
School District
Asotin Anatone
Elementary School
Asotin
Middle School
Asotin
High School
Asotin
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 10000SF - .49,1 Acre or Less
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 00x00
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,344
- Taxes w/Assessments: N/A
- Tax/Property ID: 10440000800010000
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
90 2nd St Asotin, WA 99402
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