Asotin Lodge Investment
90 2nd Street, Asotin, WA 99402
MULTI_FAMILY - Asotin, WA
Property size:
3,513 SFLot size:
0.39 AcresPrice / SF:
$113/SF- Added:
- May 21, 2025
- Days on Market:
- 367
- Last Refresh:
- May 22 at 9:06 pm
Property Features for 90 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 10
- Standard status
- Active
- APN
- 10440000800010000
- Size
- 3,513 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Ex. A
- Tax Annual Amount
- 3344
Utilities
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
Building Details
- Year built
- 1969
- Number of units
- 5
- Building materials
- Concrete, Log, Wood Siding
Listing agent Levi Gibson License #7571748 (208) 305-4519
Listing office Coldwell Banker Tomlinson Associates 325 Main St, Spokane, WA (208) 746-7400
Listing date May 21, 2025
MLS# 98948809
Listing URL
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑yield investment property with an impressive 10% CAP rate and potential for increased revenue.
- Four hotel rooms with kitchenettes generate ~$22.9k NET annually through leases to traveling nurses.
- Restaurant space leased on a Triple‑Net basis at $2,730/month, providing stable income.
- Additional land included in the parcel offers potential for RV spaces or jet boat storage (buyer to verify feasibility).
- Fuel tanks from a former gas station are still present and have been maintained according to state regulations.
- Full renovation in the early 2000s ensures the property is clean and solid.
Overview
The Asotin Lodge presents a cash flow investment opportunity with a 10% CAP Rate and potential for increased returns. The property underwent a full renovation in the early 2000s. Four hotel rooms with kitchenettes generate approximately $22.9k NET annually through leases to traveling nurses. The restaurant space is leased on a Triple-Net basis at $2,730 per month. The hotel rooms are currently leveraged at approximately 50% capacity due to limited marketing. The landlord owns the restaurant kitchen trade fixtures, which are maintained by the tenant. The restaurant lease is up in August 2026, with an option to extend. Fuel tanks from the former gas station are available but in inactive status; the owners have maintained state inspections and protection equipment. The property includes land to the west of the lodge, previously considered for RV spaces or jet boat storage bays. Prospective buyers should verify the feasibility of utilizing the extra lot space and the requirements for reactivating the fuel pumps. The property is located in Asotin, WA, and the parcel size is 0.39 acres. The building size is 3513 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Matt's Grill & Lodge
Bar & Pub
Similar Places Nearby
- Floch Hall Asotin County Fairgrounds — Asotin, WA 99402
Location Insight
- Map
- Local Demand
- City
- Asotin
- County
- Asotin
- State
- Washington
- Longitude
- -117.055193
- Latitude
- 46.339942
Nearby Similar for Sale
FAQs
What type of property is this?
Motel - Cash cow investment property with additional upside potential.
Where is this motel located?
The property is located at 90 2nd Street Asotin, WA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: High‑yield investment property with an impressive 10% CAP rate and potential for increased revenue.; Four hotel rooms with kitchenettes generate ~$22.9k NET annually through leases to traveling nurses.; Restaurant space leased on a Triple‑Net basis at $2,730/month, providing stable income.
