Property

Asotin, WA 99402 90 2nd Street

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Presented By: Coldwell Banker Tomlinson Associates
  • MLS# 98948019
  • 05/21/2025
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  • SQFT • 3,513

Home Details

The Asotin Lodge! Cash cow investment property at a 10% CAP Rate with additional upside. Full renovation in the early 2000s, make this property clean and solid. 4 hotel rooms are new with kitchenettes are bringing in ~$22.9k NET annually leasing to traveling nurses. Restaurant space is on a Triple-Net Lease at $2,730/month. THE UPSIDE --> Hotel rooms are only leveraged at approx 50% capacity because they are not being marketed. Landlord owns the restaurant kitchen trade fixtures, but tenant maintains them. Restaurant lease is up in Aug 2026, but option to extend. Fuel tanks from the gas station are still available.  They have been placed in inactive status, but the owners have kept up on all the state inspections and have protection equipment on them. Land to the West of the lodge is part of this parcel, and had been planned for RV Spaces or considered Jet Boat storage bays. Buyer to verify feasibility of the possibilities of the extra lot space and what would be required to re-activate fuel pumps.
Presented By: Coldwell Banker Tomlinson Associates

Interior Features for 90 2nd Street

Other Interior Features

Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NNo

General for 90 2nd Street

Attached Garage No
Building Area UnitsSquare Feet
Building NameAsotin Lodge - Hotel And Restaurant Space
Business TypeCommercial
Cap Rate10.27
Carport Y/NNo
CityAsotin
Construction MaterialsConcrete, Log, Wood Siding
CoolingCentral Air, Wall/Window Unit(s)
CountyAsotin
Directions2nd St In Asotin
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Listing TermsCash, Consider All, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet16988.4
Lot Size UnitsAcres
MLS AreaAsotin - 2500
New ConstructionNo
Property Attached Y/NNo
Property TypeCommercial Sale
Senior Community Y/NNo
StatusActive
Stories1
UtilitiesSewer Connected

Exterior for 90 2nd Street

Building Area Total3513
Exterior AmenitiesPaved Outside Area
Lot Features10000 SF - .49 Acre
Lot Size Acres0.39
Lot Size Area0.39
Open Parking Y/NNo
SpaNo
Water SourceCity Service
Waterfront Y/NNo

Additional Details

Price History

Black Oak Agency

Price $550,000
MLS#98948019
List Date 05/21/2025
Property Type Commercial
Phone 208.954.2162
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