609 1st Ave Odessa, WA 99159-9821
This exceptional 5,220 square foot commercial property located at 609 E 1st Ave, Odessa, WA presents a unique investment opportunity. The building, originally constructed in 1952 and extensively renovated in 1989, boasts twelve individual rooms, each ranging in size from 221 to 255 square feet. Recent improvements include a new roof installed in 2023 and an updated electrical panel in 2022, ensuring the property is well-maintained and ready for immediate operation. The property sits on a 1.45-acre lot, offering significant expansion potential. Interestingly, the north-facing parcel received permitting and approval for RV sites in 1999, though this plan was never implemented. Currently operating as a motel, this property is the only hospitality option in Odessa, providing a significant competitive advantage. Adding to its appeal is a spacious 1,500 square foot, two-bedroom apartment with a full kitchen and an upstairs loft, ideal for an owner/manager to reside on-site. This presents a rare chance to acquire a twelve-unit motel with virtually no competition in a thriving market. The motivated seller is eager to find the right buyer for this promising investment. The asking price is $599,900.
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La Collage Inn 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 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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.