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Listed by:eXp Realty • Hollie Tipps
$ 10,000,000
Est. payment /mo
New
118 Miller ST Electric City, WA 99123
1.38 Acres Lot
UPDATED:
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.