122 SW Interstate Ave - Hospitality FOR SALE


Chehalis, WA 98532
$6,900,000 USD
909-456-3481
122 SW Interstate Ave, Chehalis, WA for Sale
$6,900,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

122 SW Interstate Ave
Chehalis, WA 98532


HIGHLIGHTS

  • Recent Renovations Completed in 2024, No PIP Required
  • Ideally Located off Interstate 5, with Excellent Visibility
  • The Property Has a One-Bedroom Suite for an Onsite Manager and a Two-Bedroom Apartment for the Owner
  • 2 Miles from Chehalis-Centralia Airport
  • Nearby Attractions Include the Lewis County Historical Museum, McFadden Park, Chehalis-Centralia Railroad & Museum, and More
  • Chehalis Benefits from the Chehalis Generation Facility and Industrial Activities in the Chehalis Industrial Park, Which Drive Economic Growth and Uti

OVERVIEW

Joel Deis // Broker of Record // License WA 25469 Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the I-5 Corridor Franchised Hotel - Rebrand Opportunity, a newly renovated two-story limited service hotel located in Chehalis, Washington. The hotel's 70 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. The I-5 Corridor Franchised Hotel - Rebrand Opportunity South represents the opportunity to acquire franchised hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Puget Sound. The property includes a one-bedroom apartment designated for the onsite manager and a two-bedroom apartment for the owner. By returning the two bedrooms and the living room with kitchen to the inventory, three additional rooms can be made available, increasing the total to 73 rentable rooms.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$667 USD /SF

# OF ROOMS

69

PRICE/ROOM

$100,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

I-5 Corridor Franchised Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CF

APN/PARCEL ID

005871-071-017

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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Gordon AllredMarcus & MillichapMore Info
909-456-3481

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