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    126 Spruce St E Ilwaco, WA 98624

    For Sale
    $1,400,000

    26-unit motel in Ilwaco, WA, near popular destinations.

    Property size:
    11,376 SF

    Property Features for 126 Spruce St E

    General Information

    Size
    11,376 SF

    Building Details

    Year built
    1965

    Source: Brian Resendez, CCIM Agent Brian Resendez, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming 26-Unit Motel in Ilwaco

    Heidi's Inn is a 2-story, 26-unit motel located in Ilwaco, WA. Constructed in 1972, the exterior corridor motel is undergoing room renovations. Situated on 0.43 acres, the property is zoned UGA (Urban Growth Area) and comprises two buildings with guestrooms, a 3-bedroom apartment above a lobby, and surface/covered parking. Ilwaco is positioned on Highway 101 along the Southwest coast of Washington, approximately two hours from Portland and three hours from Seattle. Located on the southern end of the Long Beach Peninsula, the town features the Port of Ilwaco, an 800-slip marina. The property is near Cape Disappointment, Columbia Pacific Heritage Museum, and North Head Lighthouse. This location offers an opportunity amidst a thriving tourist destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heidi's Inn Motel

    Suggested Use

    Building Supply Realty agency Dental Office Clothing Store Gym & Fitness Department Store Skin Care Clinic Kitchen & Bath Accounting Firm Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Salt Hotel, Coho Charters & Motel, Salt Hotel & Event Space, Baker Bay Retreat, Captain's Quarters

    Location Insight

    • Map
    • Local Demand
    City
    Ilwaco
    County
    Pacific
    State
    Washington
    Longitude
    -124.0424441
    Latitude
    46.3090685

    Nearby Similar for Sale

    • $1,950,000
      11,400 SF

      Ilwaco Hotel & Restaurant Opportunity

      21-unit hotel and restaurant with harbor views in Ilwaco, WA.
      147 Howerton Ave, Ilwaco, WA 98624
      View Details
    • $575,000
      0.32 Acres

      Ilwaco Bar & Shop Redevelopment

      Prime Ilwaco location, redevelopment opportunity.
      209 1St Ave, Ilwaco, WA 98624
      View Details

    FAQs

    What type of property is this?
    Motel - 26-unit motel in Ilwaco, WA, near popular destinations.
    Where is this motel located?
    The property is located at 126 Spruce St E Ilwaco, WA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - 26-unit motel in a thriving tourist destination near the Port of Ilwaco.; - Located in Ilwaco, WA, along Highway 101, close to popular attractions like Cape Disappointment.; - Zoned UGA (Urban Growth Area) offering potential development opportunities.
    (503) 577-7710
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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.

    Relative

    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
    126 Spruce St E Ilwaco, WA 98624
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