616 W Heron St
Aberdeen WA 98520
Olympic Inn & Suites Aberdeen
616 W Heron St Aberdeen WA 98520
Listing #: 667184 | Status: Available | Last Modified: 4/16/2024 |
For Sale
- Phone:(503) 706-1054
- Email:michelle@crystalip.com
- Office Name:Crystal Investment Property
- Office Phone:(503) 530-1316
- Office Website:
- Agent Phone:(503) 530-1316
- Agent Email:joe@crystalip.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,000,000.0
- $/SF$ 110.5
- Listing StatusAvailable
- Days on Market338
- Asset ClassHotel/Motel
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 7.43 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF27142
- Net Rentable Area27142
- Total Office SF
- Largest Contiguous SF
- Lot SF39204
- Acres0.9
- Property TypeHotel/Motel
- Office Type
- Building Class
- CountyGrays Harbor
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaGrays Harbor
- Tax ID #029406700700
- Additional Parcels
- ZoningCG
- Year Built1967
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
Olympic Inn & Suites Aberdeen
Updated Hotel Near Port Expansion & Redevelopment Project The Olympic Inn & Suites is a 54-key, limited-service, independent hotel ideally located in a Washington State Opportunity Zone. This exterior corridor hotel has had extensive updates completed throughout 2021/2022 and is turn-key ready. Shared amenities include a lobby, business center, and ample meeting/event space. In addition, Olympic Inn & Suites features a recently renovated ~1100 sq. ft. Owner’s quarters with 2 bedrooms, 2 bathrooms, and a full kitchen with easy office access. Perfect for Owner/Operator or on-site management. The hotel presents a value-add opportunity by improving and optimizing operations, marketing, and guest experience. The hotel also has the potential to be franchised, allowing buyers to align with a rec