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Listed by:eXp Realty • Hollie Tipps

$10,000,000

Est. payment - /mo

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1.38 Acres Lot

Active

118 Miller ST Electric City, WA 99123

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Electric City

MLS Listing ID 2561381

Style 64 - Hotel/Motel

Year Built 1954

Lot Size 1.380 Acres

Property Sub-Type Commercial Industrial

Property Description

RARE BANKS LAKE INVESTMENT PORTFOLIO! The Sky Deck Motel and nearby apartment property present an exceptional opportunity to acquire two established, high income producing properties in one of Eastern Washington's most desirable recreation destinations. Purchase the entire portfolio or explore the opportunity to acquire either property individually. Situated directly on Banks Lake, the Sky Deck Motel features 21 guest rooms, lake access and an outdoor swimming pool that set it apart in the local hospitality market. Its waterfront setting, established operation and potential for continued growth create a truly unique investment opportunity. Located nearby on a separate parcel, the fully occupied apartment property provides dependable residential rental income and includes a desirable mix of one and two bedroom units. Together, the properties offer diversified revenue from both short term hospitality and long term residential rentals. Purchase one for a strong standalone investment or acquire both to create a rare, diversified portfolio with outstanding income and future potential.

Location

State WA

County Grant

Area 290 - North Grant County

Interior

Flooring Ceramic Tile, Hardwood, Laminate, Carpet

Fireplace false

Exterior

Waterfront Description Low Bank,Beach Rights

Building

Sewer Septic Tank, Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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