The Wesley Walla Walla - In Contract! | 228 E Poplar St
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The Wesley Walla Walla - In Contract! 228 E Poplar St
12 Room Bed and Breakfast Walla Walla, WA 99362 $2,750,000 ($229,167/Room) 13.45% Cap Rate
Investment Highlights
- Seller Financing Available
- Located One Block From Downtown
- Suites, Rooms, & Guest House
- Beautifully Updated Throughout
- Outdoor Meeting & Event Space
- On-Site Owner's Quarters
Executive Summary
IN CONTRACT!
Downtown Turn-Key Property With Seller Financing
The Wesley Walla Walla is a turn-key, independent boutique hotel in downtown Walla Walla, Washington. This tastefully updated upscale, limited-service property features 12 Keys, including a detached house, “PoplarPlace,” an English Cottage. The hotel features a guest room mix of King and Queen Suites, a Penthouse, a 2-bedroom flat, and a guest cottage. The main house features a basement wine cellar and an additional guest lounge “speakeasy.” The Penthouse would be suitable for on-site Owner’s quarters if desired. This property features seller financing with the potential for new ownership to be in place for Summer Revenue.
The Wesley is situated on ~0.41 acres and offers guests resort-style amenities and potential wedding/event space. Amenities include covered cabana areas, a swim spa, a plunge pool, a grill, dining areas, and ample seating. Strategically positioned just one block off downtown, The Wesley offers the best of both worlds: a private and serene environment within walking distance from restaurants, tasting rooms, shopping, and sightseeing.
Walla Walla, situated in southeastern Washington, is the heart of the state’s wine country, boasting over 130 wineries. This city is gaining national recognition not only for its wine but also for its expanding culinary, arts, and entertainment sectors. The presence of galleries, boutique stores, colleges, and a historic downtown further enrich the community’s appeal. Walla Walla is accessible by a scenic four-hour drive from Seattle, Portland, or Boise, offering a variety of outdoor activities such as hiking, biking, camping, fishing, rafting, kayaking, and skiing. Enhanced by daily non-stop flights from Seattle via Alaska Airlines, Walla Walla is increasingly popular as a weekend destination for residents of major metropolitan areas.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.
Downtown Turn-Key Property With Seller Financing
The Wesley Walla Walla is a turn-key, independent boutique hotel in downtown Walla Walla, Washington. This tastefully updated upscale, limited-service property features 12 Keys, including a detached house, “PoplarPlace,” an English Cottage. The hotel features a guest room mix of King and Queen Suites, a Penthouse, a 2-bedroom flat, and a guest cottage. The main house features a basement wine cellar and an additional guest lounge “speakeasy.” The Penthouse would be suitable for on-site Owner’s quarters if desired. This property features seller financing with the potential for new ownership to be in place for Summer Revenue.
The Wesley is situated on ~0.41 acres and offers guests resort-style amenities and potential wedding/event space. Amenities include covered cabana areas, a swim spa, a plunge pool, a grill, dining areas, and ample seating. Strategically positioned just one block off downtown, The Wesley offers the best of both worlds: a private and serene environment within walking distance from restaurants, tasting rooms, shopping, and sightseeing.
Walla Walla, situated in southeastern Washington, is the heart of the state’s wine country, boasting over 130 wineries. This city is gaining national recognition not only for its wine but also for its expanding culinary, arts, and entertainment sectors. The presence of galleries, boutique stores, colleges, and a historic downtown further enrich the community’s appeal. Walla Walla is accessible by a scenic four-hour drive from Seattle, Portland, or Boise, offering a variety of outdoor activities such as hiking, biking, camping, fishing, rafting, kayaking, and skiing. Enhanced by daily non-stop flights from Seattle via Alaska Airlines, Walla Walla is increasingly popular as a weekend destination for residents of major metropolitan areas.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.
Property Facts Under Contract
| Price | $2,750,000 | Lot Size | 0.28 AC |
| Price Per Room | $229,167 | Building Size | 9,362 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Cap Rate | 13.45% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1878 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 1.28/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $2,750,000 |
| Price Per Room | $229,167 |
| Sale Type | Investment |
| Cap Rate | 13.45% |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 9,362 SF |
| No. Rooms | 12 |
| No. Stories | 3 |
| Year Built | 1878 |
| Parking Ratio | 1.28/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $314.00 | - |
| Guest Room | 9 | $234.00 | - |
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 360729870419 | Improvements Assessment | $1,420,490 |
| Land Assessment | $63,480 | Total Assessment | $1,483,970 |
PROPERTY TAXES
Parcel Number
360729870419
Land Assessment
$63,480
Improvements Assessment
$1,420,490
Total Assessment
$1,483,970
zoning
| Zoning Code | RM |
| RM |
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The Wesley Walla Walla - In Contract! | 228 E Poplar St
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