1004 N Wenatchee Ave
Wenatchee, WA 98801
Travelodge Wenatchee · Hospitality Property For Sale · 15,866 SF

Scott Real Estate Investments and Ten-X Commercial are pleased to present the opportunity is a 48-room, exterior corridor, two-story, hotel located in Wenatchee, Washington. Situated at 1004 North Wenatchee Avenue on 1.00 acres, the Property is well located with easy access and excellent visibility to and from North Wenatchee Avenue, North Mission Street, and North Chelan Avenue (Hwy 285). The Travelodge by Wyndham was constructed in three stages in the 70s, 80s, and 90s with the original lobby building built in 1924. The property was renovated in 2015. Amenities include an outdoor pool, business center, laundry facility, and bus/truck parking. As of the STR report ending February 28, 2018, the trailing 12-month occupancy was 62.40%, the ADR was $72.14, and the RevPAR was $45.03. The Assessor’s Parcel Number is 222003860292. The Property benefits from its close proximity to local recreational and entertainment options. Highway 285, accessed via North Wenatchee Avenue, provides service to Highway 2, which gives passage through Wenatchee National Forest to Seattle. Highway 97, approximately 17.0 miles to the west, connects with Interstate 90, the major east/west artery bridging Seattle to the west with Spokane to the east. The average daily traffic count at the intersection of North Chelan Avenue and 9th Street, just 0.08 miles southwest of the property, is 11,000 vehicles per day. Nearby airports include Lake Chelan Airport (43.6 miles northeast), Lake Wenatchee State Airport (41.2 miles northwest), and Seattle-Tacoma International Airport (147 miles west). Downtown Wenatchee, which sits adjacent to the Columbia River waterfront, is 1.0 mile to the south. A high density of retail, shopping, and amenity options immediately surround the Property, with residential uses further to the south and west and the Columbia river crossing further north and east. Its thriving apple and wine industry, as well as its strong recreational and tourism draws, makes Wenatchee, the "Apple Capital of the World". Along with agriculture, major employment fields in the area include healthcare, educational services, forestry, and fishing and hunting. Wenatchee’s major employers include Central Washington Health Services Association, Wenatchee Valley Medical Center, PS, Stemilt Growers, Inc., Washington Department of Transportation, and Walmart Stores, Inc. Local demand generators include the Toyota Center, Columbia Center, Wenatchee Convention Center, Columbia River Parks and Recreation, and Leavenworth Ski Hill. Along with agriculture, major employment fields in the area include healthcare, educational services, forestry, and fishing and hunting. Wenatchee’s major employers include Central Washington Health Services Association, Wenatchee Valley Medical Center, PS, Stemilt Growers, Inc., Washington Department of Transportation, and Walmart Stores, Inc. Wenatchee is home to many performing arts groups, including the Performing Arts Center of Wenatchee, the Wenatchee Valley Symphony, Wenatchee Big Band, Columbia Chorale, Wenatchee Valley Appleaires and The Apollo Club. Along with the Valley North Shopping Center immediately adjacent to the Property, visitors have the choice to stop by the Wenatchee Valley Mall, which is located approximately 3.3 miles to the southeast. Visitors may also enjoy the beautiful natural views at Wenatchee Riverfront Park, Pioneer Park, Walla Walla Point Park, and Wenatchee Confluence State Park, while having options to travel to Mission Peak, Dragontail Peak, Mt. Stuart, Mt. Howard, or Wenatchee National Forest. The most recent NOI for the period ending December 2017 was $344,460.