228 E Poplar St - Hospitality FOR SALE


Walla Walla, WA 99362
$2,750,000 USD
503-530-1316
228 E Poplar St, Walla Walla, WA for Sale
$2,750,000 USD
Hospitality - FOR SALE
1/121
null | 13.45% Cap Rate

228 E Poplar St
Walla Walla, WA 99362


HIGHLIGHTS

  • Seller Financing Available
  • Beautifully Updated Throughout
  • Located One Block From Downtown
  • Outdoor Meeting & Event Space
  • Suites, Rooms, & Guest House
  • On-Site Owner's Quarters

OVERVIEW

IN CONTRACT! Downtown Turn-Key Property With Seller Financing The Wesley Walla Walla is a turn-key, independent boutique hotel in downtown Walla Walla, Washington. This tastefully updated upscale, limited-service property features 12 Keys, including a detached house, “PoplarPlace,” an English Cottage. The hotel features a guest room mix of King and Queen Suites, a Penthouse, a 2-bedroom flat, and a guest cottage. The main house features a basement wine cellar and an additional guest lounge “speakeasy.” The Penthouse would be suitable for on-site Owner’s quarters if desired. This property features seller financing with the potential for new ownership to be in place for Summer Revenue. The Wesley is situated on ~0.41 acres and offers guests resort-style amenities and potential wedding/event space. Amenities include covered cabana areas, a swim spa, a plunge pool, a grill, dining areas, and ample seating. Strategically positioned just one block off downtown, The Wesley offers the best of both worlds: a private and serene environment within walking distance from restaurants, tasting rooms, shopping, and sightseeing. Walla Walla, situated in southeastern Washington, is the heart of the state’s wine country, boasting over 130 wineries. This city is gaining national recognition not only for its wine but also for its expanding culinary, arts, and entertainment sectors. The presence of galleries, boutique stores, colleges, and a historic downtown further enrich the community’s appeal. Walla Walla is accessible by a scenic four-hour drive from Seattle, Portland, or Boise, offering a variety of outdoor activities such as hiking, biking, camping, fishing, rafting, kayaking, and skiing. Enhanced by daily non-stop flights from Seattle via Alaska Airlines, Walla Walla is increasingly popular as a weekend destination for residents of major metropolitan areas. Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES! Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$294 USD /SF

# OF ROOMS

12

PRICE/ROOM

$229,167 {currency}

CAP RATE

13.45%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wesley Walla Walla - In Contract!

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1878

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

RM

APN/PARCEL ID

360729870419,360729870432

ASK ABOUT THIS PROPERTY

Joseph KennedyCrystal Investment PropertyMore Info
503-530-1316

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Joseph KennedyCrystal Investment PropertyMore Info
503-530-1316

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