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
Michelle Kennedy
  • Phone:(503) 706-1054
  • Email:michelle@crystalip.com
  • Office Name:Crystal Investment Property
  • Office Phone:(503) 530-1316
  • Office Website:
Joseph Kennedy
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 3,000,000.0
  • $/SF$ 110.5
  • Listing StatusAvailable
  • Days on Market338
  • Asset ClassHotel/Motel
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 7.43 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • 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 Type
  • Property TypeHotel/Motel
  • Office Type
  • Building Class
Location
  • CountyGrays Harbor
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaGrays Harbor
  • Tax ID #029406700700
  • Additional Parcels
  • ZoningCG
Construction
  • Year Built1967
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

Olympic Inn & Suites Aberdeen

Public Comments

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