For Sale
$4,999,000

720 Lewis StPasco, WA 99301

58-Room Hotel, 3 Buildings, Updated 2023

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional turnkey hotel investment opportunity in Pasco, Washington, presents a rare chance to acquire a fully renovated and highly profitable hospitality business. Located at 720 W Lewis St, this property boasts 58 keys across three buildings, each two stories high. A complete renovation was finished in 2023, ensuring modern amenities and optimal functionality. The hotel's configuration is ideally suited for migrant H2A fieldworker housing, holding all necessary permits. Beyond the hotel rooms (mostly singles, with several doubles), the property generates additional revenue streams from an on-site public laundromat and a leased restaurant. Further enhancing its appeal, the property includes a manager's residence and a front reception office. Situated on a spacious 1.04-acre lot, ample parking is readily available. The property's APN is 112044172. Built in 1958, this meticulously updated hotel offers an excellent return on investment, making it an attractive proposition for discerning investors seeking a stable and profitable venture in a thriving market. The asking price for this exceptional property is $4,999,000.

Highlights

  • Turnkey hotel investment opportunity in Pasco, WA.
  • 58-key hotel, fully renovated in 2023, across three two-story buildings.
  • Ideally suited for H2A migrant worker housing; all necessary permits secured.
  • Additional revenue streams from on-site laundromat and leased restaurant.
  • Includes manager's residence, front office, and ample parking on a 1.04-acre lot.
  • APN: 112044172; Asking price: $4,999,000.

Property Details for 720 Lewis St

Property type
Hospitality properties, Hotels
Year Built/Renovated
1958/2023
Buildings
3
Stories
2

Location Insight

City
Pasco
County
Franklin
State
Washington
Latitude
46.229394620468
Longitude
-119.0970775448
720 Lewis St, Pasco, Washington

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720 Lewis St
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