275 C StFriday Harbor, WA 98250

Property Details for 275 C St

Year built

1910

Lot size

0.23 AC

Property size (Sq ft)

4,041 SF

Property type

Hospitality properties

Property subtype

Bed & breakfasts

APN

351356-207-000

APU

351356207000

Description

This exceptional hospitality business, priced at $4,465,000, is located in the highly desirable San Juan Islands of Washington State. The property consists of 18 unique accommodations spread across six buildings, offering a diverse range of guest experiences. Boasting a 69% occupancy rate, this inn presents a strong investment opportunity. Its prime location, just two blocks from Friday Harbor's ferry terminal and historic downtown, provides easy access to all the island has to offer. Guests can easily explore the San Juan Islands by car or bicycle, enjoying the area's natural beauty and diverse attractions. The 0.71-acre lot provides ample space for the existing buildings and potential future expansion. The inn's strategic location draws guests from Seattle, Oregon, and California, while its proximity to Victoria, British Columbia, adds an international dimension to its appeal. The San Juan Islands are a well-established and high-traffic destination, known for its outdoor recreation, destination dining, and access to resort environments like Roche Harbor. This makes this inn a truly unique and profitable venture in a sought-after location. The property's strong performance and ideal location make it an attractive investment for those seeking a thriving hospitality business in a stunning natural setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,238,056

  6.5%

  $1,142,821

  7%

  $1,061,191

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,886,636

  Geo Method

  $1,828,807

• Alternative Use

  Use

  Valuation

  Residential

  $1,247,629

  Hospitality

  $1,142,821

  Educational

  $950,814

  Medical

  $983,514

  Retail

  $1,479,044

Location Insight

City

Friday Harbor

County

San Juan

State

Washington

Latitude

48.5336

Longitude

-123.013

Property Tax & Assessments

FAQs

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