5188 Capitol Blvd SE - Hospitality FOR SALE


Tumwater, WA 98501
$10,850,000 USD
909-456-3481
5188 Capitol Blvd SE, Tumwater, WA for Sale
$10,850,000 USD
Hospitality - FOR SALE
1/4
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5188 Capitol Blvd SE
Tumwater, WA 98501


HIGHLIGHTS

  • 2024 Travelers' Choice Award Recipient by TripAdvisor.com
  • Excellent Guest Reviews, #1 Hotel in Tumwater
  • Ideally Located off Interstate 5, Near Several Businesses
  • 2 Miles to Olympia Regional Airport
  • Nearby Attractions Include Olympic Flight Museum, Tumwater Historical Park, WET Science Center and More
  • 3 Miles to Washington State Capitol

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 Best Western Tumwater Olympia Inn, a two-story limited service hotel located in Tumwater, Washington. The hotel consists of 89 guest rooms and offers amenities including a heated indoor spa, meeting room, business center, 24 hour fitness center, spacious lobby/great room, guest laundry facilities and complimentary breakfast. The Best Western Tumwater Olympia Inn is located just 3 miles south of Downtown Olympia, off of Interstate 5. The area offers several popular tourist attractions, including the Washington State Capitol, Olympic Flight Museum, Tumwater Historical Park, WET Science Center, Hands On Children's Museum and more. The Best Western Tumwater Olympia Inn 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.

FOR SALE DETAILS

PRICE

$10,850,000 USD

PRICE/SF

$245 USD /SF

# OF ROOMS

89

PRICE/ROOM

$121,910 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Tumwater Olympia Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1992

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

GC, Tumwater

APN/PARCEL ID

09080053000

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.