38820 Hwy 706 E
Ashford WA 98304

Gateway Inn

38820 Hwy 706 E Ashford WA 98304

Listing #: 703050 | Status: Pending | Last Modified: 4/8/2026 |

For Sale
Michelle Kennedy
Joseph Kennedy
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 3,750,000.0
  • $/SF$ 280.5
  • $/lot sf$ 31.4
  • Listing StatusPending
  • Days on Market218
  • Asset ClassLand, Hotel/Motel
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 11.52 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Topography
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings17
  • # of Floors2
  • # of Units37
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF13367
  • Net Rentable Area12258
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF119495
  • Acres2.74
Property Type
  • Property TypeHotel/Motel
  • Office Type
  • Building Class
Location
  • CountyPierce
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaSE Pierce County
  • Tax ID #0715334008
  • Additional Parcels
  • ZoningR40
Construction
  • Year Built1979
  • Year Renovated1986
  • Completion Date
  • Roof Type
  • Construction TypeFramed, Wood

Gateway Inn at Mt. Rainier

Public Comments

CIP Exclusive - IN CONTRACT Mixed Lodging Asset at Year-Round National Park Entrance **Pace-Morby-style offers will NOT be entertained.** Gateway Inn at Mt. Rainier is a 37-key, midscale, limited-service property located in Ashford, Washington, directly outside the year-round Nisqually Entrance to Mount Rainier National Park. The hotel includes 14 standard and suite guest rooms, 15 standalone cabins with private bathrooms, and 8 RV sites with partial utility hookups. The ~2.7-acre, fee-simple site includes picnic tables, portable restroom facilities, and on-site owner/manager quarters for operational flexibility. There is also space available for approximately 10 tent camping sites, which are not included in the current key count. Originally built in 1935 and last renovated in 1986, the

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