4710 Lake Washington Blvd NE | Renton, WA 98056
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- LoopNet Team
4710 Lake Washington Blvd NE
Renton, WA 98056
Inn at Lake Washington by OYO I-405 · Hospitality Property For Sale
·
35,608 SF
INVESTMENT HIGHLIGHTS
- Ideal repositioning opportunity to convert 116 furnished hotel rooms to SEDUs averaging 303 SF with potential to generate over $150k in monthly income
- Existing amenities include outdoor pool, lobby, in-unit air conditioning, common laundry, and community lounge with fireplace
- Three-story hotel operating as the Inn at Lake Washington, formerly Econo Lodge, with option to be delivered fully vacant at closing
- 118 existing parking stalls, providing ample opportunity to achieve parking income in excess of $20k annually
- Average effective rent in Renton was $2,101 per month in Q2 2024, up 24.6% over the last five years
- Long-term covered land play with option for redevelopment; rezoning scenario supports up to 400 multifamily units across the 2.03-acre lot
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1987/1995 |
| Building Class | B | Parking Ratio | 3.31/1,000 SF |
| Lot Size | 2.03 AC | Corridor | Exterior |
| Building Size | 35,608 SF | ||
| Zoning | CA | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.03 AC |
| Building Size | 35,608 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1987/1995 |
| Parking Ratio | 3.31/1,000 SF |
| Corridor | Exterior |
| Zoning | CA |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 334330-1120 | Improvements Assessment | $6,884,000 |
| Land Assessment | $2,293,400 | Total Assessment | $9,177,400 |
PROPERTY TAXES
Parcel Number
334330-1120
Land Assessment
$2,293,400
Improvements Assessment
$6,884,000
Total Assessment
$9,177,400
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