Non Franchise Motel Seattle WA

Description

Located on the local Hwy, within 10 minutes driving to Downtown Seattle, Lot size is close to 1 acre which is valued close to 4 million, high rising zone. Has a great re-development potential!  

Essential Information

  • Property Type Hospitality
  • Asking Price 4.95
  • Number of Unit 41
  • Room revenue 900000
  • ADR 100
  • Occupancy(%) 90%
  • Yearly NOI 400000
  • Cap Rate 9
  • Year Built 1947
  • Year Remodel 2017
  • # of buildings 1
  • Building Size 12897
  • Lot Size (acres) .96
  • Franchise or Non franchise Non Franchise
  • Interior corridor or exterior corridor Exterior Corridor