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32303975
32303974

1614 N FIRST ST, YAKIMA, WA 98901-1729 For Sale

JK
WA 118409, OR 950700057 (+1)
Crystal Investment Property
MK
WA 17065, OR 970700090
Crystal Investment Property
Listed by Crystal Investment Property
$7,800,000
77 days on market
Updated 77 days ago
Opportunity zone

Best Western Plus Yakima Hotel

Details
APN 18131244021
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 38,364
Units 1
Cap Rate 7.06%
NOI $550,550
Broker Co-Op False
Year Built 1996
Year Renovated 2023
Buildings 1
Stories 3
Acreage 1.220

74 Keys In Yakima Valley Opportunity Zone

Marketing description

Best Western Plus Yakima Hotel is a 74-key, interior corridor, select-service, upper-midscale hotel operating under the Best Western Plus brand. The property recently completed a full PIP and is located in a federally designated Qualified Opportunity Zone. The guestroom mix includes king and queen suites, an apartment-style unit with a full kitchen, and ADA-compliant options.

The hotel sits near downtown Yakima with direct access from both Interstate 82 and Highway 12. Positioned in a strong drive-to market within 200 miles of Seattle, Portland, and Spokane, the property serves year-round demand from business, leisure, and group travelers.

LOCATION

Located in Central Washington, Yakima offers a historic, walkable downtown, year-round outdoor access, and more than 300 days of sun. Downtown features vintage storefronts, local shops and cafes, galleries, museums, and a theater for films and live performances. The Yakima River supports rafting, kayaking, and fishing, while nearby foothills and Cascades trails offer hiking and biking in warmer months and skiing in winter. As Washington’s first wine region and a major agricultural hub, the valley anchors agribusiness and agritourism. The Yakima Valley, with easy Interstate and Highway access, attracts drive-to tourism from Seattle, Tri-Cities, Spokane, and Portland.

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!

Buyer's Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.

Investment highlights

  • Upper Midscale | Select-Service | 74 Keys
  • 7.06% Cap Rate | 5.12% ROI | 4.76 GRM (Actuals)
  • Located In A Qualified Opportunity Zone For Tax Incentives
  • Recently Updated Property Improvement Plan (PIP)
  • Four-Season Outdoor Recreation Area
  • Drive-To Market For Seattle, Portland, & Major Metro
  • Cultural, Business & Agritourism Destination
  • 90+ Wineries in Yakima Valley Wine Country

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
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Annual Cash Flow
$550,550.00
$45,879.17/mo

Valuation Metrics

0
DSCR
7.06%
Cap Rate
7.06%
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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