38820 WA-706 | Ashford, WA 98304
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38820 WA-706
Ashford, WA 98304
Gateway Inn at Mt Rainier · Hospitality Property For Sale · 13,367 SF
Investment Highlights
- Absolute NNN lease structure with zero landlord responsibilities
- Located 50 ft from the entrance of Mt. Rainier National Park which saw over 2.5M visitors in 2023
- Tenant has operated the property since 1989
- 10 year firm term lease with 3% annual increases
- Year-round lodging available, with an assortment of guest rooms and amenities
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1924/1986 |
| Building Class | C | Parking Ratio | 1.12/1,000 SF |
| Lot Size | 2.70 AC | Corridor | Exterior |
| Building Size | 13,367 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 13,367 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1924/1986 |
| Parking Ratio | 1.12/1,000 SF |
| Corridor | Exterior |
Amenities
- On-Site Retail
- High Speed Internet Access
- Patio
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 071533-4008 | Improvements Assessment | $958,500 |
| Land Assessment | $205,700 | Total Assessment | $1,164,200 |
PROPERTY TAXES
Parcel Number
071533-4008
Land Assessment
$205,700
Improvements Assessment
$958,500
Total Assessment
$1,164,200
zoning
| Zoning Code | TC (TC - Tourist Commercial) |
| TC (TC - Tourist Commercial) |
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