321 N Johnson St | Kennewick, WA 99336
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321 N Johnson St
Kennewick, WA 99336
Kennewick Inn & Suites Tri Cities · Hospitality Property For Sale · 46 Rooms
Investment Highlights
- All Guest Rooms Offer Over 500 Square Feet of Space, and All Suites Include Fully Equipped Kitchenettes
- The Property Was Approved for a Days Inn Conversion and Has Potential for Conversion to Other Franchises
- Ideally Located off of U.S. Route 395
- Recent CapEx Completed, No PIP Required
- The Manager’s Office, Located on the Property, Includes a Full Kitchenette and Bathroom, Making It Ideal for an On-Site Owner or Converted to a Guest
- Short Drive to Tri-Cities Airport (TRI)
Executive Summary
Joel Deis // Broker of Record // License WA 25469
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Kennewick Inn & Suites Tri Cities, a newly renovated three-story limited service hotel located in Kennewick, Washington. The hotel's 47 guest rooms, each 500 square feet, include a flat-screen TV, work desk, refrigerator, microwave, and coffee maker. All suites include a fully equipped kitchenette and dining area. Hotel amenities include complimentary breakfast, guest laundry facilities, and vending machines.
The Kennewick Inn & Suites Tri Cities represents the opportunity to acquire a three-story hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Tri-Cities Region.
The property features a manager's office complete with a full kitchenette and bathroom, ideal for an on-site owner or converted to a guest room. Additionally, the property is approved for conversion to a Days Inn and offers potential for other franchise conversions.
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Kennewick Inn & Suites Tri Cities, a newly renovated three-story limited service hotel located in Kennewick, Washington. The hotel's 47 guest rooms, each 500 square feet, include a flat-screen TV, work desk, refrigerator, microwave, and coffee maker. All suites include a fully equipped kitchenette and dining area. Hotel amenities include complimentary breakfast, guest laundry facilities, and vending machines.
The Kennewick Inn & Suites Tri Cities represents the opportunity to acquire a three-story hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Tri-Cities Region.
The property features a manager's office complete with a full kitchenette and bathroom, ideal for an on-site owner or converted to a guest room. Additionally, the property is approved for conversion to a Days Inn and offers potential for other franchise conversions.
PROPERTY FACTS
| Price Per Room | $128,261 | Building Size | 37,000 SF |
| Sale Type | Investment | No. Rooms | 46 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1977/2017 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 0.97 AC | Corridor | Interior |
| Price Per Room | $128,261 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 37,000 SF |
| No. Rooms | 46 |
| No. Stories | 3 |
| Year Built/Renovated | 1977/2017 |
| Parking Ratio | 1.35/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Shuttle Service
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 46 | $65.00 | - |
PROPERTY TAXES
| Parcel Number | 134994090000001 | Improvements Assessment | $2,984,500 |
| Land Assessment | $288,420 | Total Assessment | $3,272,920 |
PROPERTY TAXES
Parcel Number
134994090000001
Land Assessment
$288,420
Improvements Assessment
$2,984,500
Total Assessment
$3,272,920
zoning
| Zoning Code | CC |
| CC |
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