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.
Asotin is located in Washington. Asotin, Washington has a population of 1,072. Asotin is less family-centric than the surrounding county with 25.41% of the households containing married families with children. The county average for households married with children is 27.65%.
The median household income in Asotin, Washington is $59,663. The median household income for the surrounding county is $57,263 compared to the national median of $69,021. The median age of people living in Asotin is 47.9 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 27.3 degrees. The average rainfall is approximately 15.7 inches per year, with 19.7 inches of snow per year.
