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22318-22330 84th Ave S
Kent, WA 98032
Ramada Inn & Income Property · Hospitality Property For Sale · 56,130 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Year Built/Renovated | 1987/2015 | |
| Building Class | B | Parking Ratio | 2.57/1,000 SF |
| Lot Size | 3.81 AC | Corridor | Interior |
| Building Size | 56,130 SF |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 3.81 AC |
| Building Size | 56,130 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2015 |
| Parking Ratio | 2.57/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
About 22318-22330 84th Ave S , Kent, WA 98032
Price reduced to $11.8 Mil. from $12.7 Mil. Purchase price includes the Restaurant property generates $117,000 (Rent + Restaurant Rebate) per year which is about valued at $1.57 million with 7.45 % Cap Rate. Hotel and Restaurant Building sit on approx. 4 acres of the commercial lot. Since this hotel has 125 rooms which have lots of potential for sales increment with the right marketing and management. Since Oct 2018, Major PIP renovation has been ongoing as per PIP. Offering price includes the restaurant property leased to a well-known family restaurant in town. See attached 2019 P & L Proforma.
PROPERTY TAXES
| Parcel Number | 775780-0010 | Improvements Assessment | $8,660,700 |
| Land Assessment | $4,067,800 | Total Assessment | $12,728,500 |
PROPERTY TAXES
zoning
| Zoning Code | M1C (SHINNS CLOVERDALE ADD TO KENT LOT 1 EXC W 12 FT THEREOF CONVEYED TO CITY OF KENT UNDER RECORDING NOS 7210240044, 7210240045 & 7210240046; AND EXC PORT) |
| M1C (SHINNS CLOVERDALE ADD TO KENT LOT 1 EXC W 12 FT THEREOF CONVEYED TO CITY OF KENT UNDER RECORDING NOS 7210240044, 7210240045 & 7210240046; AND EXC PORT) |
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