For Sale
$1,980,000

122 Main St Omak, WA 98841

61-Room Hotel, Prime Location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 61-unit Rodeway Inn & Suites presents a compelling investment opportunity in Omak, Washington. Situated on a 0.49-acre lot at 122 N Main St, this two-story, exterior-corridor hotel boasts a prime location serving as a gateway to the Okanogan-Wenatchee National Forest. Built in 1958, the property includes one building and features recently updated infrastructure, including roof repairs/replacements within the last four years and a repaved parking lot. The hotel's 61 keys generated $525,911 in room revenue in 2023, achieving an average daily rate (ADR) of $64.90. A significant advantage is the on-site manager's apartment, complete with a full kitchen, ideal for an owner-operator. The property's current performance indicates substantial upside potential due to past mismanagement under an absentee owner. Omak's thriving economy, driven by agriculture, forestry, tourism, and recreation, provides a strong foundation for future growth. The hotel's proximity to Seattle (approximately 235 miles) and Spokane (approximately 140 miles) further enhances its appeal. The property's APN is 1420042400. This is a limited-service property with significant potential for increased profitability under effective management. The asking price is $1,980,000.

Highlights

  • 61-unit hotel.
  • 2023 room revenue: $525,911.
  • Absentee ownership.
  • Average daily rate (ADR): $64.90.
  • Limited-service hotel with value-add potential.
  • On-site manager's apartment.

Property Details for 122 Main St

Property type
Hospitality properties, Motels
Year Built
1958
Buildings
1
Stories
2
Lot Size (sq. ft)
21,344 SF

Location Insight

City
Omak
County
Okanogan
State
Washington
Latitude
48.412819835646
Longitude
-119.52850728178

FAQs

What type of property is this?
Hospitality property - 61-Room Hotel, Prime Location
Where is the hospitality property located?
The property is located at 122 Main St Omak, WA.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 61-unit hotel.; 2023 room revenue: $525,911.; Absentee ownership.
How can I contact the broker?
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122 Main St
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