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Lewiston,ID 83501
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 24,374 sqft
Price per Sqft $274
MLS Listing ID 98935669
HOA Y/N No
Year Built 1995
Lot Size 2.400 Acres
Acres 2.4
Source IMLS 2
Property Description
Exciting Investment Opportunity: Quality Inn Hotel at the mouth of Hells Canyon! Discover a prime investment opportunity with this established Quality Inn Hotel, proudly affiliated with Choice Hotels International, located at the breathtaking entrance of Hells Canyon. This 52-key hotel, built in 1995 and situated on a generous 2.401 acres, offers a gateway to a world of outdoor adventure. Immerse yourself in various thrilling activities, including hunting, fishing, golfing year-round, snowmobiling, attending the NAIA baseball tournament, and jet boating into the stunning Hells Canyon. The property was recently remodeled in 2024, enhancing its appeal with updated facilities and modern comforts for guests. This hotel is a solid investment with an impressive occupancy rate of 72.7% in 2023 and a cap rate of 9.67%. Additionally, the city has granted preliminary approval for a potential 30 RV hookup park or an exciting hotel expansion, opening doors to further revenue opportunities.
Location
State ID
County Nez Perce
Area Lewiston - 2135
Zoning C-6
Interior
Heating Forced Air,Wall Furnace
Cooling Central Air,Wall/Window Unit(s)
Flooring Concrete,Other
Fireplace No
Exterior
Exterior Feature Paved Outside Area
Utilities Available Sewer Connected
Roof Type Composition
Street Surface Paved
Building
Lot Description 1 - 4.99 Acres
Building Description Frame,Metal Siding, Lighting
Story 2
Water City Service
Structure Type Frame,Metal Siding
New Construction No
Others
Tax ID RPL355W0053325, RPL355W0053302
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange