$1,725,000
Spectacle Lake Resort
Details
APN 3826110061
Property Type Hospitality
Sub Type Motel
Square Footage 8,050
Cap Rate 7.90%
NOI $138,556
Broker Co-Op Yes
Year Built 1955
Year Renovated 1999
Acreage 3.500
Investment Type Owner/User
Successful Resort on Spectacle Lake in Tonasket, WA!
Marketing description
Spectacle Lake Resort. Rare opportunity to own and operate a successful resort with over 500 feet of manicured lakefront. This established property includes 16 motel units and 36 RV/campsites with full hookups, all just steps from the water. A 3-bedroom, 2-bath home with an attached office and general store serves as both the living quarters and the hub for guest services. Amenities include irrigated grounds, a heated pool, playground, BBQ areas, docks, boat rentals, and a shower house. Located on Spectacle Lake and surrounded by other lakes, hiking trails, and hunting areas, the resort offers year-round access to outdoor recreation. Known for excellent fishing and water sports, this location draws visitors from all directions.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,556.00
$11,546.33/mo
Valuation Metrics
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DSCR
8.03%
Cap Rate
8.03%
ROI
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