Bought with BHGRE - Northwest Home Team
$1,550,000
$1,595,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
1700 S Boone ST Aberdeen, WA 98520
5.92 Acres Lot
Key Details
Sold Price $1,550,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Aberdeen
MLS Listing ID 2185376
Sold Date 02/14/24
Style 64 - Hotel/Motel
Year Built 1967
Annual Tax Amount $11,512
Lot Size 5.920 Acres
Property Description
Investment Opportunity with potential for a 18% CAP Rate! Located in Aberdeen, Washington, this 66-unit motel is comprised of four buildings. Alongside guest accommodations, it features an office and a three-bedroom manager unit. One building requires renovation due to water damage from a steam incident two years ago. Spanning nearly 6 acres, the property offers expansion potential, such as adding more motel units or creating an RV park. Seize the opportunity to maximize your investment and reap the rewards!
Location
State WA
County Grays Harbor
Area 198 - Aberdeen
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Roof Type Built-Up,Composition,Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.