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    924 Hwy 2 Hwy Newport, WA 99156

    For Sale
    $2,300,000

    Profitable 24-unit motel with restaurant.

    Property size:
    8,052 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a 24-unit motor inn situated on a 0.65-acre lot at 924 W Highway 2 in Newport, Washington. Boasting 8,052 square feet of space, the property enjoys a consistently high occupancy rate, making it an attractive prospect for investors seeking strong returns. The sale includes an attached 150-seat restaurant and bar building, currently vacant, offering significant potential for expansion and diversification of income streams. Numerous possibilities exist for the restaurant space, allowing for customization to suit a variety of business concepts. Adding to the property's appeal is a convenient on-site two-bedroom manager's quarters. The property's prime location directly on Highway 2 ensures superior visibility and easy accessibility for guests and patrons. The asking price for this turnkey operation is $2,300,000. This is a rare chance to acquire a well-established, high-performing commercial property with substantial upside potential in a thriving Washington town. The combination of a successful motel and a large, adaptable restaurant space presents a unique opportunity for a savvy investor to capitalize on a proven business model and explore new revenue streams. Don't miss this chance to own a piece of Newport's vibrant commercial landscape.

    Property Features for 924 Hwy 2 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,052 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newport
    County
    Pend Oreille
    State
    Washington
    Longitude
    -117.0523
    Latitude
    48.17646

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable 24-unit motel with restaurant.
    Where is this commercial real estate located?
    The property is located at 924 Hwy 2 Hwy Newport, WA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    (509) 443-3393
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    924 Hwy 2 Hwy Newport, WA 99156
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