609 E 1st Ave - Hospitality FOR SALE


Odessa, WA 99159
$599,900 USD
509-279-0249
609 E 1st Ave, Odessa, WA for Sale
$599,900 USD
Hospitality - FOR SALE
1/15
null | 6.39% Cap Rate

609 E 1st Ave
Odessa, WA 99159


OVERVIEW

**$75,000 PRICE REDUCTION** Presenting an exceptional investment opportunity at 609 East 1st Avenue, Odessa, WA. This 5,220 SF building features 12 rooms, ranging in size from 221-255 SF. Originally built in 1952 and thoughtfully renovated in 1989, this property showcases a solid foundation with potential for further enhancement. With a track record of successful operations and room for expansion, this property stands as a prime asset for those looking to capitalize on the hospitality and economy sectors. New roof and hot water heater in 2023. Updated electrical panel in 2022. North facing parcel was originally permitted and approved for RV sites in 1999, but current ownership never moved forward with the plans. Lots of potential to this property. Only hospitality option in all of Odessa.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$115 USD /SF

# OF ROOMS

12

PRICE/ROOM

$49,992 {currency}

CAP RATE

6.39%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Collage Inn Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Residential - Motel/Hotel

APN/PARCEL ID

0507-002-001000

ASK ABOUT THIS PROPERTY

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509-279-0249

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509-279-0249

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