122 N Main St - Hospitality FOR SALE


Omak, WA 98841
$2,250,000 USD
818-851-3314
122 N Main St, Omak, WA for Sale
$2,250,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

122 N Main St
Omak, WA 98841


HIGHLIGHTS

  • 61 Units Located in Beautiful Northern Washington with Demand Generators including Tourism, Recreation, and Agriculture
  • Room Revenue in 2023: $525,911, Room Revenue 2024: $618,100
  • Absentee Owner
  • Limited-Service Property with Upside Potential Due to Poor Management
  • Manager's Apartment On-Site, Perfect for Owner-Operator
  • Asking 3.64x Revenue Multiplier

OVERVIEW

The Rodeway Inn & Suites in Omak, WA is a 61 unit, 2 story exterior corridor hotel located in beautiful Northern Washington perfect for an owner-operator. In the last 4 years, the roofs on the buildings were replaced/repaired and the parking lot was repaved. The hotel has a manager's quarters above the front desk in a separate building with full kitchen. The hotel has been mismanaged with an absentee owner and has strong upside potential. Omak acts as the gateway to the Okanogan–Wenatchee National Forest with demand generators that include agriculture and forestry along with recreation and tourism. Omak is located approximately 235 miles from Seattle and 140 miles from Spokane.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$113 USD /SF

# OF ROOMS

61

PRICE/ROOM

$36,885 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn & Suites Omak

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

Commercial

APN/PARCEL ID

1420042400

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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