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Lewiston,ID 83501
Key Details
Property Type Single Family Home, Vacant Land
Sub Type Business, Bld & Land
Listing Status Active
Purchase Type For Sale
Square Footage 24,374 sqft
Price per Sqft $307
MLS Listing ID 25-1211
Style Multi Level
Year Built 1995
Annual Tax Amount $59,386
Tax Year 2024
Lot Size 2.400 Acres
Property Sub-Type Business, Bld & Land
Property Description
Exciting Investment Opportunity: Quality Inn Hotel at the mouth of Hells Canyon!
Discover a prime investment chance 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 8.7%. 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. This hotel is a solid investment with an impressive occupancy rate of 72.7% in 2023 and a cap rate of 7.7%. 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 15 - South
Zoning C6
Interior
Heating Natural Gas,Forced Air,Mini-Split
Equipment All
Exterior
Exterior Feature Curbs,Landscaping,Lighting,Paved Parking,Handicap Access,Sprinkler System
View River,City
Roof Type Composition
Building
Lot Description Irregular Lot,Level,Open Lot
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No