For Sale
$1,500,000

701 Fountain Blvd Zillah, WA 98953

Lakefront Hotel, 7 Rooms, Turnkey

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 7-room boutique hotel, situated in the heart of Washington's Yakima Valley Wine Country, presents a lucrative investment opportunity. Boasting over 120 five-star TripAdvisor reviews, this turnkey operation is highly profitable, generating a 7.67% cap rate and a net operating income (NOI) of $115,000. The 3,167 square foot, single-story building, constructed in 2017, sits directly on the lake, offering guests access to water recreation. Each of the seven tastefully appointed rooms features mini-splits for climate control, ensuring operational flexibility. Room seven includes a full kitchen, ideal for extended stays. The property also includes solar panels, significantly reducing energy costs. A key advantage is the inclusion of a separate, commercially-zoned vacant lot, providing ample space for future expansion. This well-managed inn has established strong relationships with local businesses, attracting guests from across the region and beyond. The asking price is $1,500,000, with an occupancy date of September 27, 2024. The property's APN is 20112234489 and is zoned for commercial use. This is a truly remarkable opportunity to own a thriving business in a prime location.

Highlights

  • $1,500,000 asking price for a 7-room boutique hotel in Zillah, WA.
  • 7.67% cap rate with a $115,000 NOI.
  • Turnkey operation with over 120 five-star TripAdvisor reviews.
  • Lakefront property with recreational opportunities.
  • Includes a vacant commercially-zoned lot.

Property Details for 701 Fountain Blvd

Property type
Hospitality properties, Hotels
Square Feet
3,167 SF
Year Built
2017
Buildings
1
Stories
1

Location Insight

City
Zillah
County
Yakima
State
Washington
Latitude
46.419830312674
Longitude
-120.30803686135

FAQs

What type of property is this?
Hospitality property - Lakefront Hotel, 7 Rooms, Turnkey
Where is the hospitality property located?
The property is located at 701 Fountain Blvd Zillah, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for a 7-room boutique hotel in Zillah, WA.; 7.67% cap rate with a $115,000 NOI.; Turnkey operation with over 120 five-star TripAdvisor reviews.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
701 Fountain Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message