2128 8Th AveLewiston, ID 83501

Property Details for 2128 8Th Ave

Year built

1995

Lot size

1.91 AC

Property size (Sq ft)

24,374 SF

Zone code

C6

Property type

Hospitality properties

Property subtype

Motels

APN

RPL355W0053325

APU

RPL355W0053325

Description

This 52-key Quality Inn hotel in Lewiston, Idaho, presents a compelling investment opportunity. Boasting 24,374 square feet on a 2.401-acre lot, the property features 71 beds across a two-story building, constructed in 1995 and renovated in 2024. The hotel enjoys a strong 72.7% occupancy rate (2023) and a 7.7% cap rate, with a projected net income of $834,000 and a 9.8% cap rate if the city-approved 30-RV hookup park is developed. Located at 2128 8th Ave, Lewiston, ID 83501 (APN: RPL355W0053325, RPL355W0053302), this Core investment-type property is zoned C6 and offers exceptional access to outdoor recreation opportunities at the mouth of Hells Canyon, including hunting, fishing, golfing, snowmobiling, and jet boating. The asking price is $8,500,000 ($348.73/sq ft, $163,461.54/key). A Letter of Intent is required for property viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $5,641,246

  6.5%

  $5,207,304

  7%

  $4,835,353

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,212,434

  Geo Method

  $12,212,434

• Alternative Use

  Use

  Valuation

  Residential

  $5,684,862

  Hospitality

  $5,207,304

  Educational

  $4,332,416

  Medical

  $4,481,414

  Retail

  $6,739,312

Location Insight

City

Lewiston

County

Nez Perce

State

Idaho

Latitude

46.4118

Longitude

-117

CBSA code

30300

CBSA name

LEWISTON, ID-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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