250 Kelso DrKelso, WA 98626

Property Details for 250 Kelso Dr

Year built

1994

Lot size

2.12 AC

Property size (Sq ft)

35,934 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

24028

APU

24028

Description

Exceptional investment opportunity: This newly renovated Sleep Inn in Kelso, Washington, presents a compelling opportunity for investors seeking a turnkey hospitality asset. Located at 250 S Kelso Dr, Kelso, WA 98626, this three-story, interior corridor hotel boasts 84 keys and a total of 35,934 square feet. Built in 1993 and recently converted to a Sleep Inn in January 2024, the property benefits from significant upgrades and a prime location offering exceptional visibility and accessibility directly off Interstate 5. The hotel's strategic positioning within the Longview, WA MSA ensures strong demand. With a trailing twelve-month revenue of $1,535,112 and upward trending room revenue, this property offers immediate returns and significant growth potential. The single building property provides efficient management and operational simplicity. This is a rare chance to acquire a well-positioned, high-performing hotel in a thriving market. Financial details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $11,210,258

  6.5%

  $10,347,930

  7%

  $9,608,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,262,399

  Geo Method

  $16,262,399

• Alternative Use

  Use

  Valuation

  Residential

  $11,296,933

  Hospitality

  $10,347,930

  Educational

  $8,609,356

  Medical

  $8,905,445

  Retail

  $13,392,332

Location Insight

City

Kelso

County

Cowlitz

State

Washington

Latitude

46.1416

Longitude

-122.895

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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