924 Hwy 2 Hwy Newport, WA 99156
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.