56 Central Ave - Hospitality FOR SALE


Pacific Beach, WA 98571
$1,220,000 USD
360-789-5114
56 Central Ave, Pacific Beach, WA for Sale
$1,220,000 USD
Hospitality - FOR SALE
1/21
null | 4.67% Cap Rate

56 Central Ave
Pacific Beach, WA 98571


HIGHLIGHTS

  • Renovated
  • Ocean views and access
  • Location

OVERVIEW

Located in Opportunity Zone... ask listing broker about those benefits. Overnight rentals allowed. Monthly rentals are in high demand. 8 renovated units including a dramatic 1 bedroom penthouse with ocean view. Centrally located... just a short walk to the beach and the growing number of shops and eateries on Main Street. Only one mile from the resort community of Seabrook, which offers upscale shops and restaurants. Pacific Beach is being discovered. Continue operating as motel or live in the penthouse and rent the other 7 units. Owner's health has limited them from operating full time. Laundry room and renovated courtyard. Solid concrete block construction. Truly a hidden gem on the Washington Coast. There is one additional unit that houses coin operated washer and dryer for guests and public use. Owner's health prevented them from operating full time.

FOR SALE DETAILS

PRICE

$1,220,000 USD

PRICE/SF

$239 USD /SF

# OF ROOMS

7

PRICE/ROOM

$174,286 {currency}

CAP RATE

4.67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joe Creek Condos

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1947

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C

APN/PARCEL ID

795500701400

ASK ABOUT THIS PROPERTY

Jim DonahoeWindermere Real Estate Ocean ShoresMore Info
360-789-5114

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Jim DonahoeWindermere Real Estate Ocean ShoresMore Info
360-789-5114

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