For Sale
$899,000

27131 Us-101 Hoodsport, WA 98548

Coastal Inn, 4 Units, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a charming 4-unit country inn nestled on a sprawling 58.806-acre lot along the scenic Highway 101, overlooking the breathtaking Hood Canal on the Olympic Peninsula in Hoodsport, Washington. Built in 1952 and boasting 3,540 square feet, this single-story property offers significant potential for growth. The inn features four guest rooms available for nightly rentals, each equipped with updated amenities including new electrical systems, wall heaters, paint, carpeting, and bathrooms. Further enhancing its income potential are three additional revenue streams: a uniquely charming "old-fashioned wagon" available for nightly or weekly rentals, and a full-service RV hookup currently leased on a monthly basis. Owners can explore various rental strategies, including short-term, long-term, or a combination of both. The property's prime location provides easy access to world-renowned attractions such as Olympic National Park, offering unparalleled opportunities for outdoor recreation including clamming, oyster harvesting, kayaking, fishing, scuba diving, and hiking. The inn's strategic positioning along a major highway ensures high visibility and accessibility for guests. The asking price is $899,000, with a compelling 9.00% cap rate. The property is currently vacant, presenting a blank canvas for a new owner to implement their vision and capitalize on the area's thriving tourism industry. The property's APN is 323312400150 and is owned by Creekside Inn, LLC.

Property Details for 27131 Us-101

Property type
Hospitality properties, Motels
Square Feet
3,540 SF
Year Built
1952
Buildings
1
Stories
1
Lot Size (sq. ft)
2,561,589,360 SF
Units
4

Location Insight

City
Hoodsport
County
Mason
State
Washington
Latitude
47.442512510907
Longitude
-123.11691379236
27131 Us-101, Hoodsport, Washington

FAQs

What type of property is this?
Hospitality property - Coastal Inn, 4 Units, High Cap Rate
Where is the hospitality property located?
The property is located at 27131 Us-101 Hoodsport, WA.
What is the asking price?
The asking price for this property is $899,000.
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27131 Us-101
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