17065 River Rd Leavenworth, WA 98826
- Commercial real estate
- 8,641 SF
- 2.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 17065 River Rd
- Year built
- 2003
- Lot size
- 2.13 lot acres
- Property size
- 8,641 SF
- Property type
- Commercial real estate
- APN
- 261725726047
Description
This exceptional 8,641 square foot lodge, built in 2003, presents a rare investment opportunity in Leavenworth, WA. Situated on a 2.13-acre lot (APN 261725726047) and zoned RR2.5, the property boasts seven primary suites, each offering a luxurious experience. Four upstairs suites feature private balconies and jetted tubs, while three additional bedrooms with ensuite bathrooms are located on the main floor. A newly remodeled chef's kitchen, a spacious great room perfect for large gatherings, and expansive outdoor decks with a hot tub and BBQ areas complete the impressive amenities. The property includes a new in-ground swimming pool and a new standing seam metal roof. Currently operating as a highly successful short-term rental with a transferable sixteen-guest STR permit, the lodge offers a pro-forma NOI of $205,740 and a 9.35% cap rate, based on a gross income of $457,200. The current high vacancy rate presents a significant opportunity to increase yearly income. This one-of-a-kind property is priced at $2,200,000 ($254.60/sq ft) and offers unparalleled potential for a discerning investor. The property is offered as a closing ownership.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leavenworth
- County
- Chelan
- State
- Washington
- Longitude
- -120.6611533
- Latitude
- 47.7300403
