1401 N Miller St, Wenatchee, WA 98801
1401 N Miller St, Wenatchee, WA 98801
$8,500,000
Basics
- Date added: Added 3 years ago
- Category: Motel
- Price per sqft: $217.28
- Type: Limited Service
- Status: For Sale
- Guestrooms: 102
- Bedrooms: 102
- Total rooms: 102
- Meeting space sq ft: 1000
- Floors: 3
- Area, sq ft: 39120 sq ft
- Lot size, sq ft: 78408 sq ft
- Year built: 1984
- Year remodeled: 2000
- Price per sq ft: $217.28
- Price Per Key: $83,333
- Cap rate: 6.18%
- NOI: $525,050
- Occupancy: 39.8%
- Broker: Hotel Brokers of America
- Agent: Subhash Naik
- Agent Phone: 661-808-4998
- Agent Email: Deals@hbofamerica.com
- Website:: https://hotelbrokersinc.com
Description
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Description:
This 102-room interior corridor Quality Inn located in Wenatchee, WA. This hotel is located along Route 285 near the Columbia River, Washington University, and the Wenatchee Convention Center (less than 2 miles away). It is known as the Apple Capital of the World and is a convenient stop on the Cascade Loop Scenic Highway. This Wenatchee Quality Inn is within walking distance to the Wenatchee River, Apple Capital Loop Trail, and Walla Walla Recreation Park. This property presents management upside; there is a major opportunity to achieve stabilized income while adding value. The hotel was recently converted from a Super 8 to Quality Inn in September 2022. The property is still ramping up and will benefit greatly from a new owner operator.
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Rooms
- Additional room types: Breakfast area, lounge
Building Details
- Cooling features: PTAC
- Heating features: PTAC
- Floor covering: Concrete, Hard wood, Laminate, Linoleum/vinyl, Slate, Softwood, Tile
- Basement: Partially finished
- Exterior material: Brick, Stone, Wood
- Roof: Asphalt, Built-up, Cement/concrete, Composition, Metal, Porte Co·chère, Shake/Shingle, Shingle, Stone, Stucco, Tile, Vinyl, Wood, Wood products
- Parking: Off-street
Amenities & Features
- Amenities:
- Features:
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