90 2nd Street, Asotin, WA 99402
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90 2nd Street, Asotin, WA 99402
90 2nd Street, Asotin, WA 99402
90 2nd Street, Asotin, WA 99402
90 2nd Street, Asotin, WA 99402
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Kirsten & Rick Powell

Kirsten & Rick Powell

+1(208) 757-7667
Listed by Levi Gibson • Coldwell Banker Tomlinson Associates
$ 399,000
Est. payment /mo
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Active

90 2nd Street Asotin, WA 99402

3,513 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,513 sqft

Price per Sqft $113

MLS Listing ID 98948019

HOA Y/N No

Lot Size 0.390 Acres

Acres 0.39

Source IMLS 2

Property Description

The Asotin Lodge! Cash cow investment property at a 10% CAP Rate with additional upside. Full renovation in the early 2000s, make this property clean and solid. 4 hotel rooms are new with kitchenettes are bringing in ~$22.9k NET annually leasing to traveling nurses. Restaurant space is on a Triple-Net Lease at $2,730/month. THE UPSIDE --> Hotel rooms are only leveraged at approx 50% capacity because they are not being marketed. Landlord owns the restaurant kitchen trade fixtures, but tenant maintains them. Restaurant lease is up in Aug 2026, but option to extend. Fuel tanks from the gas station are still available.  They have been placed in inactive status, but the owners have kept up on all the state inspections and have protection equipment on them. Land to the West of the lodge is part of this parcel, and had been planned for RV Spaces or considered Jet Boat storage bays. Buyer to verify feasibility of the possibilities of the extra lot space and what would be required to re-activate fuel pumps.

Location

State WA

County Asotin

Area Asotin - 2500

Direction 2nd St In Asotin

Interior

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Exterior Feature Paved Outside Area

Utilities Available Sewer Connected

Building

Lot Description 10000 SF - .49 Acre

Faces 2nd St In Asotin

Story 1

Water City Service

Structure Type Concrete,Log,Wood Siding

New Construction No

Others

Senior Community No

Tax ID 10440000800010000

Acceptable Financing Cash, Consider All, Conventional

Listing Terms Cash, Consider All, Conventional

Intermountain MLS (IMLS)
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Kirsten & Rick Powell

Kirsten & Rick Powell

Associate Brokers | License ID: Idaho Associate Broker #56089

+1(208) 757-7667

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90 2nd Street