924 Hwy 2 HwyNewport, WA 99156

For Sale
$2,300,000

Profitable 24-unit motel with restaurant.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 24-unit motor inn situated on a 0.65-acre lot at 924 W Highway 2 in Newport, Washington. Boasting 8,052 square feet of space, the property enjoys a consistently high occupancy rate, making it an attractive prospect for investors seeking strong returns. The sale includes an attached 150-seat restaurant and bar building, currently vacant, offering significant potential for expansion and diversification of income streams. Numerous possibilities exist for the restaurant space, allowing for customization to suit a variety of business concepts. Adding to the property's appeal is a convenient on-site two-bedroom manager's quarters. The property's prime location directly on Highway 2 ensures superior visibility and easy accessibility for guests and patrons. The asking price for this turnkey operation is $2,300,000. This is a rare chance to acquire a well-established, high-performing commercial property with substantial upside potential in a thriving Washington town. The combination of a successful motel and a large, adaptable restaurant space presents a unique opportunity for a savvy investor to capitalize on a proven business model and explore new revenue streams. Don't miss this chance to own a piece of Newport's vibrant commercial landscape.

Property Details for 924 Hwy 2 Hwy

Property type
Other commercial real estate
Square Feet
8,052 SF
Year Built
1955
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Newport
County
Pend Oreille
State
Washington
Latitude
48.17646
Longitude
-117.0523
924 Hwy 2 Hwy, Newport, Washington

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924 Hwy 2 Hwy
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