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28370334
28370336

520 North Second Ave, Walla Walla, WA 99362 For Sale

JK
WA 118409, OR 950700057 (+1)
Crystal Investment Property
MK
WA 17065, OR 970700090
Crystal Investment Property
Listed by Crystal Investment Property
$6,500,000
243 days on market
Updated 92 days ago
Opportunity zone

Quality Inn & Suites Downtown Walla Walla

Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 26,769
Keys 61
Cap Rate 6.84%
NOI $444,279
Price per SqFt $243
Broker Co-Op Yes
Year Built 1989
Year Renovated 2022
Buildings 1
Stories 3
Acreage 2.000

Downtown Walkable Location

Marketing description

CIP Exclusive - For Sale

Downtown Walla Walla Wine Country Franchise Opportunity

Quality Inn & Suites Walla Walla is a 61-key, midscale, select-service, interior-corridor hotel under the Choice Hotels franchise. Recent renovations meet brand standards with no outstanding seller PIP, limiting near-term capital needs. Amenities include an indoor pool and spa, while accommodations offer a diverse mix of kings, queens, ADA rooms, and suites, with select units featuring kitchens or jetted tubs, supporting both business and leisure demand. The 2.03-acre site allows potential for site optimization or expansion, subject to buyer verification. Positioned just off US-12 for efficient regional access, with steady year-round visitation anchored by the Walla Walla Valley’s 130+ wineries.

About Walla Walla, Washington

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 enriches the community’s appeal.

IMPORTANT

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.

Investment highlights

  • Midscale | Select Service | 61 Keys

  • Updated Property Improvement Plan (PIP)

  • Walkable Downtown Walla Walla Location | Restaurant Adjacent

  • 130+ Wineries Drive Year-Round Demand

  • US-12 & Airport Access, Drive-To Market

  • Choice-Backed Franchise & Loyalty Reach

  • Indoor Pool & Hot Tub

  • Property May Have Potential To Expand

  • Located In A Qualified Opportunity Zone (QOZ)

  • Access Full Offering Package on crystalip.com

Listing Contacts

JK
WA 118409, OR 950700057 (+1)
Crystal Investment Property
MK
WA 17065, OR 970700090
Crystal Investment Property
Listed by Crystal Investment Property

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$444,279.00
$37,023.25/mo

Valuation Metrics

0
DSCR
6.84%
Cap Rate
6.84%
ROI

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Additional Information

Name
Joseph Kennedy
License
118409
Brokerage
Crystal Investment Property, LLC
Name
Michelle Kennedy
License
17065
Brokerage
Crystal Investment Property, LLC
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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