Americas Best Value Inn Lakewood Tacoma S

54 Room Hotel | Lakewood, WA 98499 | $4,590,000 ($85,000/Room) | 7.67% Cap Rate

Asking Price $4,590,000

Property Type: Hospitality
Square Feet: 15,840 SF

Listing Contacts

Chong Lee Des

Verified Profile

SK Kim

Verified Profile

Property Info

Property Overview

Note: Do not talk to any employees or seller regarding this sale. Please contact listing brokers only. 2-story building, built in 2000, centrally located in Lakewood, WA within 10 mins drive of the US Army, Air Force Bases, and Tacoma Mall. Close to Tacoma Dome and Emerald Queen Casino. Great potential revenue upside based on the historical revenue higher than 1 M before 2020, Covid-19, population growth, and environmental change in the area. All financial statements and income proof are available upon acceptance of the offer.

Property Details

Class: C
Year Built/Renovated: 2000/2014
Stories: 2
Property Subtype: Hotel
Lot Size (sq. ft): 51,401 SF
Units: 54

Highlights

Close to Interstate 5 and Pacific Highway, Army/McChord Air Force Bases, Tacoma Dome, Many Casinos, Lakewood, Lakewood, WA, 3 miles Tacoma Narrows Air

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