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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

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.
More about this property
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