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33736499
33736498

1258 Hwy 141, BZ, WA 98672 For Sale

AM
OR 200606068, WA 21017469
Copper West Real Estate
Listed by Copper West Real Estate
$1,195,000
76 days on market
Updated 23 days ago

The Logs Inn- cabins, apartment and historic restaurant

Details
APN 04101114000300
Property Type Hospitality, Retail
Sub Type Restaurant, Motel (+1)
Square Footage 7,656
Units 5
Cap Rate 6.11%
NOI $73,041
Occupancy 100%
Tenancy Vacant
Pro-Forma Cap Rate 6.11%
Pro-Forma NOI $73,041
Price per SqFt $156
Year Built 1935
Year Renovated 2012
Stories 2
Acreage 1.000
Zoning General Commercial
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.96
Investment Type Owner/User
Ground Lease No

Hospitality | 6.11% CAP

Marketing description

The Logs Inn is a turnkey historic restaurant and bar with four ‘cabin’ units, and a 2-bedroom apartment above the restaurant. The restaurant has 80+seats, patio, bar area and potential for outdoor events. 2 RV hook-ups are available.

Located near the White Salmon River, BZ launch, Mt. Adams, Gifford Pinchot National Forest, and the Columbia River Gorge recreation corridor, The Logs Inn is well positioned gather locals and visitors drawn to year-round outdoor recreation. With limited lodging and dining options in the immediate area, the Loggs is a no brainer for a full service hospitality property.

There is tremendous upside with increased marketing on the rentals, which are approved for both long term and short term stay. The RV hook ups have not been utilized nor has the lot for outdoor events. Lots of options here!

The Logs Inn has been a community hub for 100 years and has an opportunity to again be the gathering place for the area.

Investment highlights

  • Historic restaurant, bar, and lodging property near the White Salmon River
  • Four cabin units & 1 (2) bd apartment
  • Turnkey, 80+ seat restaurant FF&E included
  • 2 RV hook ups
  • Additional land and ample parking
  • High Visibility corner on HWY 141.
  • Recently updated
  • Drive up, On-site parking
  • 100 seats & patio
  • Seller financing available

Listing Contacts

AM
OR 200606068, WA 21017469
Copper West Real Estate
Listed by Copper West Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$73,041.00
$6,086.75/mo

Valuation Metrics

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DSCR
6.11%
Cap Rate
6.11%
ROI

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