2922 W Hartson Ave Spokane, WA 99224
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.
-
Shangri-La Motel Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.