For Sale
$8,500,000
2128 8Th AveLewiston, ID 83501
52-Key Hotel, 7.7% Cap Rate
Overview
- Added:
- Feb 13
- Days on market:
- 49
Highlights
- $8,500,000 asking price for a Core investment opportunity.
- Quality Inn branded, 52-key hotel with 71 beds.
- 24,374 square feet on a 2.401-acre lot, Lewiston, ID (83501).
- 7.7% cap rate, 72.7% occupancy (2023), $348.73 price per square foot, $163,461.54 price per key.
- Two-story building, built in 1995, renovated in 2024, C6 zoning.
- Preliminary city approval for a 30-RV hookup park or hotel expansion, projecting $834,000 net income and a 9.8% cap rate with the RV park.
Property Details for 2128 8Th Ave
- Property type
- Hospitality properties, Hotels
- Square Feet
- 24,374 SF
- Year Built/Renovated
- 1995/2024
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 104,588 SF
Location Insight
- City
- Lewiston
- County
- Nez Perce
- State
- Idaho
- Latitude
- 46.4116435
- Longitude
- -117.0007009
2128 8Th Ave, Lewiston, Idaho
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