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Quincy Inn & Suites 500 F St SW

30 Room Hotel Quincy, WA 98848 £2,590,900 (£86,363/Room) 9.23% Net Initial Yield

Executive Summary

The hotel is a five minute walk from the historic center of Quincy, just north of I-90, close to George Amphitheater. This friendly and diverse community is located between Wenatchee, WA and Moses Lake, WA is a great place to visit, seeing as we have an abundance of attractions and activities to keep you entertained. We are located near many fine wineries, George Amphitheater, and several places for you to enjoy water activities. This is also home to Microsoft Data Centre
The Motel is fully renovated in 2022-23 , new roof , new flooring, remodel all rooms, bathrooms, front office including Managers apartment. Great candidate to be converted into apartment as rooms are 300+ sq.ft. Exterior and interior have be painted. All exterior and interior light fixtures have been replaced.

Property Facts

Price £2,590,900
Price Per Room £86,363
Sale Type Investment
Net Initial Yield 9.23%
Sale Conditions
1031 Exchange
  • Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.87 AC
Building Size 15,000 SF
No. Rooms 30
Number of Floors 2
Year Built 1991
Parking Ratio 1.4/1,000 SF
Corridor Exterior

Amenities

  • Business Centre

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 3 £63.78 -
Guest Room 27 £53.41 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
311665000
Land Assessment
£152,916
Improvements Assessment
£975,387
Total Assessment
£1,128,303

zoning

Zoning Code CB (City Business)
CB (City Business)
  • Listing ID: 34288358

  • Date on Market: 11/07/2024

  • Last Updated:

  • Address: 500 F St SW, Quincy, WA 98848

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