Current Use by Public Records
- Commercial real estate
Property Details for 924 Hwy 2 Hwy
- Year built
- 1955
- Lot size
- 0.65 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Pend Oreille
- State
- Washington
- Longitude
- -117.052
- Latitude
- 48.1765
