1417 N DIVISION ST, Spokane, WA
Motel for Sale - $500,000 - 7,568 Sq. Ft. on 0.34 acres
Property Info
| CIMLS# | 962518 |
| Location 1417 N DIVISION ST Spokane WA 99202 | |
| Updated | November 6th, 2017 |
| Type | Motel |
| Price | $500,000 |
| Building | 7,568 Sq. Ft. |
| Land | 0.34 acres |
Property Description
Positive Cash Flow Investment
18 Rooms (2 units are not operable due to no hot water and one is used for storage)
4 of the 18 Rooms are Apartments with a Full Kitchen
12 Parking Spots
Basement for storage and a two room office with a full kitchen
All rooms with Microwaves
Location Description:
Lower Division Retail
Easy Access
Great Visibility
Close to Gonzaga University
Close to Downtown Spokane
Strong Surrounding Retail
Highlights:
>> Weekly price: $200-222 1-2 people: 5 available: 90 % occupancy
>> Monthly Price: $650 month: 5 apartments available: 85% occupancy
>> Nightly price rate is $76.00: 5 units (one is priced at $59 lower due to hot tub not working) 50% average occupancy
>> 1 Manager Apartment