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    2922 Hartson Ave Spokane, WA 99224

    Sponsored
    For Sale
    $1,600,000

    21-Unit Motel, Prime Spokane Location

    Property size:
    11,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 21-unit motel in Spokane, WA, totaling 11,308 square feet across three buildings constructed between 1957 and 1963. Situated on approximately 28,328 square feet of land, plus additional adjacent parcels, the property boasts a convenient location, less than a mile from downtown Spokane and a short 5-minute drive to Spokane International Airport. Easy I-90 access enhances its appeal. The motel enjoys consistent occupancy and offers flexible pricing for nightly or extended stays, catering to a diverse clientele. Its proximity to Indian Canyon Golf Course adds to its attractiveness. The asking price is $1,600,000, translating to $141.49 per square foot. The property's APNs are 25234.0101, 25234.0108, 25231.5307, 25231.5305, 25231.5401, and 25231.5409. Seller financing may be considered for a qualified buyer. This presents a strong opportunity for a new generation of motel operators to capitalize on the expanding Spokane market. Please note that residents should not be disturbed.

    Property Features for 2922 Hartson Ave

    General Information

    Property type
    Motels
    Square Feet
    11,308 SF

    Building Details

    Buildings
    3

    HighLights

    • $1,600,000 asking price for a 21‑unit motel in Spokane, WA.
    • 11,308 square feet across three buildings, built between 1957 and 1963.
    • Located at 2922 W Hartson Ave, Spokane, WA 99224, with convenient access to I‑90, downtown Spokane, and Spokane International Airport.
    • Sits on approximately 28,328 square feet of land, plus adjacent parcels.
    • Seller financing may be available to qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shangri-La Motel Motel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.45523496805
    Latitude
    47.65013597632

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    FAQs

    What type of property is this?
    Motel - 21-Unit Motel, Prime Spokane Location
    Where is this motel located?
    The property is located at 2922 Hartson Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price for a 21-unit motel in Spokane, WA.; 11,308 square feet across three buildings, built between 1957 and 1963.; Located at 2922 W Hartson Ave, Spokane, WA 99224, with convenient access to I-90, downtown Spokane, and Spokane International Airport.
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    2922 Hartson Ave Spokane, WA 99224
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    Spokane, WA 99224
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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
    2922 Hartson Ave Spokane, WA 99224
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