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Property profile & analytics
OFF-MARKET Estimated value $1,015,000
Office Spaces

720 Lewis St Pasco, WA 99301-5502

840 SF 1.04 ac lot Built 1958
Entity Owned 4-yr Hold Free & Clear
Property ID
US90-0151777
Property summary
AI-generated overview

This exceptional turnkey hotel investment opportunity in Pasco, Washington, presents a rare chance to acquire a fully renovated and highly profitable hospitality business. Located at 720 W Lewis St, this property boasts 58 keys across three buildings, each two stories high. A complete renovation was finished in 2023, ensuring modern amenities and optimal functionality. The hotel's configuration is ideally suited for migrant H2A fieldworker housing, holding all necessary permits. Beyond the hotel rooms (mostly singles, with several doubles), the property generates additional revenue streams from an on-site public laundromat and a leased restaurant. Further enhancing its appeal, the property includes a manager's residence and a front reception office. Situated on a spacious 1.04-acre lot, ample parking is readily available. The property's APN is 112044172. Built in 1958, this meticulously updated hotel offers an excellent return on investment, making it an attractive proposition for discerning investors seeking a stable and profitable venture in a thriving market. The asking price for this exceptional property is $4,999,000.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1958
Total area 840 SF
Lot 1.04 ac (45,302 SF)
APN 112044172
UPID US90-0151777
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Loads of Wash (Bike/Boat/Book/etc) Store
  • Pasco Downtown Dev Association Charitable Organization Social Service Agency
  • Studio 6 Pasco, WA Hotel & Motel Vacation Rental
  • RESTAURANT LAS LUPITAS Restaurant
  • Big Daddy Baldman Computer Repair Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.02M
Owner & transaction history
Cjm Investments LLC · 4 yrs held
Cjm Investments LLC
since 2021
Last sale
$998,000
7 recorded transactions
2022
Price N/A
2021
$998,000
2014
Price N/A
2009
$500,000
2001
Price N/A
2001
$734,000
2001
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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