For Sale
Request a price4710 Lk Washington Blvd Renton, WA 98056
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 1987 construction, 1995 renovation; repositioning opportunity to convert 116 furnished hotel rooms into 303 SF SEDUs, projecting over $150,000 in monthly rental income.
- 104 parking stalls offering potential for over $20,000 in annual parking revenue.
- Amenities include an outdoor pool, lobby, in-unit A/C, common laundry, and a community lounge with fireplace.
- Renton's Q2 2024 average effective rent was $2,101, a 24.6% increase over five years.
- Three-story hotel (Inn at Lake Washington, formerly Econo Lodge), deliverable vacant at closing.
- 2.03-acre lot with long-term land value and redevelopment potential; rezoning allows up to 400 multifamily units.
Property Details for 4710 Lk Washington Blvd
- Property type
- Hospitality properties, Hotels
- Square Feet
- 35,608 SF
- Year Built/Renovated
- 1987/1995
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 88,427 SF
- Units
- 116
Location Insight
- City
- Renton
- County
- King
- State
- Washington
- Latitude
- 47.5333087
- Longitude
- -122.1944051
Nearby Similar for Sale
FAQs
- Where is the hospitality property located?
- The property is located at 4710 Lk Washington Blvd Renton, WA.
- What are key features of this property?
- This property features: 1987 construction, 1995 renovation; repositioning opportunity to convert 116 furnished hotel rooms into 303 SF SEDUs, projecting over $150,000 in monthly rental income.; 104 parking stalls offering potential for over $20,000 in annual parking revenue.; Amenities include an outdoor pool, lobby, in-unit A/C, common laundry, and a community lounge with fireplace.
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