For Sale
$1,999,500

165 Washington StSpokane, WA 99201

Established Motel, High Demand Area

Overview

Added:
Dec 11, 2024
Days on market:
111
This established Spokane, WA motel presents a compelling investment opportunity. Located at 165 S Washington St, this turn-key operation boasts 43 rental rooms – 39 singles and 4 doubles – plus two residential units for managers. Built in two phases during the 1950s, the property comprises three buildings across a 0.45-acre lot, totaling 26,270 square feet. Each guest room is equipped with a TV, microwave, and refrigerator, and the property benefits from consistently positive year-over-year revenue. All rooms are non-smoking. The motel's furniture, fixtures, and equipment (FF&E) are included in the sale price of $1,999,500 ($95.17/sq ft). The property's strong performance is further enhanced by the high demand for affordable housing in downtown Spokane. Detailed financial information is available upon execution of a non-disclosure agreement. Showings are by appointment only

Highlights

  • 43 total rental rooms.
  • 39 single rooms and 4 double rooms.
  • Two on-site residential units for managers.
  • Each room includes a TV, microwave, and refrigerator.
  • Turnkey operation with positive year-over-year revenue.
  • All rooms are non-smoking.

Property Details for 165 Washington St

Property type
Hospitality properties, Motels
Square Feet
26,270 SF
Year Built
1957
Buildings
3
Stories
2
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.654563937415
Longitude
-117.4176300806
165 Washington St, Spokane, Washington

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165 Washington St
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