701 Fountain BlvdZillah, WA 98953

Property Details for 701 Fountain Blvd

Year built

2017

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

3,167 SF

Zone code

CT

Property type

Motels

APN

201122-34489

APU

20112234489

Description

Nestled in the heart of Washington's Yakima Valley Wine Country, this exceptional 7-room boutique inn presents a unique investment opportunity. The Zillah Lakes Inn boasts a prime lakefront location, offering guests stunning sunrise and sunset views, along with access to various water activities including paddle boarding, boating, swimming, and fishing from the private dock. Each of the seven tastefully appointed guest rooms features luxurious amenities, contributing to the inn's impressive 120+ five-star TripAdvisor reviews, a testament to its high-quality service and guest experience. The property operates as a highly profitable, turnkey business, ready for a new owner to continue its success. Room number seven includes a full kitchen, ideal for extended-stay guests seeking added convenience. This remarkable property offers a blend of tranquility, recreation, and lucrative business potential, making it an attractive investment in a thriving wine region. The property is situated at 701 Fountain Boulevard, Zillah, WA, and is offered at $1,500,000. The lot size is zero acres. The square footage is not specified. This is a general commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $706,309

  6.5%

  $651,977

  7%

  $605,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,897,115

  Geo Method

  $1,433,267

• Alternative Use

  Use

  Valuation

  Residential

  $711,770

  Hospitality

  $651,977

  Educational

  $542,438

  Medical

  $561,093

  Retail

  $843,792

Location Insight

City

Zillah

County

Yakima

State

Washington

Latitude

46.4201

Longitude

-120.308

CBSA code

49420

CBSA name

YAKIMA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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