Other
90 2nd Street
Asotin, WA 99402
$399,000
ActiveMLS® 98948809
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.
Interior
- A/C Central Air, Wall/Window Unit(s)
Exterior and Construction
- Construction materials Concrete, Log, Wood Siding
Utilities
- Utilities Sewer Connected
Land and Lot
- Lot size 0.39 acres (16,988 sq ft)
- Current Use Other
- Lot description 10000SF - .49
Location and Zoning
- County Asotin
- Subdivision 0 Not Applic.
- Zoning Ex. A, 10440000800010000
Schools
- High School Asotin
- School District Asotin Anatone
- Elementary School Asotin
- Junior High School Asotin
Tax and Legal
- Annual tax $3,343.79
- Tax year 2024
- Parcel number 10440000800010000
- Legal description Ex. A
Parking and Garage
- Parking spaces 10
- Parking Parking spaces: 10
Listing Information
- Listing Agent
- Levi Gibson
- Co-Listing Agent
- Kristin Gibson
- Listing Office
- Coldwell Banker Tomlinson Associates
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