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Hotel Hope 126 W Main St 15 Room Hostel Hope, ID 83836 $2,900,000 ($193,333/Room)

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INVESTMENT HIGHLIGHTS

  • Overlooks Lake Pend Oreille and the Hope Islands on 7 lots with 175 feet of commercial frontage

EXECUTIVE SUMMARY

Property Web site: http://www.hotelhopeforsale.com/
The historic Hotel Hope building (c. 1897) overlooks Lake Pend Oreille and the Hope Islands on 7 lots with 175 feet of commercial frontage. Additional adjoining 50 foot lot available. This beautiful two story 9,460 sq ft building combines unique architecture with commercial and residential mixed use potential. 1st floor is presently configured for use as a restaurant, lounge and retail space that could be easily configured for other uses. 2nd floor (presently being partially used as owners penthouse suite) consists of 15 rooms (6 rooms directly overlook the lake), five bathrooms, kitchenette and laundry room. All of this connects with a 760 sq ft covered veranda and a 2,000 sq ft rooftop patio, both providing spectacular lake views. The building was renovated in 1998 including new plumbing, electrical and mechanical systems. Perfectly located for recreation in north Idaho, Montana & Washington. Nearby golfing, boating, biking, skiing, swimming, fishing, hunting hiking. Incredible fall fishing, world record Gerrard rainbow trout. Short drive to Schweitzer Mountain Ski Resort. Nearby Sandpoint named The Most Beautiful Small Town. Surrounded by hundreds of square miles of pristine natural beauty, including the Coeur d' Alene and Kaniksu National Forests, the Green Monarch mountains, Scotchman Peaks, and the Clark Fork River, Lake Pend Oreille is the central, radiant gem of North Idaho a premier year-round resort area offering unparalleled opportunities for adventure and recreation. Boating, sailing, kayaking and canoeing are all popular pastimes on the lake, and swimming, water skiing and jet skiing are frequent activities in the summer. The trails and forests around the lake provide plenty of chances for great hiking, cross country skiing, and hunting and not just game hunting, but hunting for huckleberries and morel mushrooms!

PROPERTY FACTS

Price $2,900,000
Price Per Room $193,333
Sale Type Investment
Property Type Hospitality
Property Subtype Hostel
Building Class C
Lot Size 0.33 AC
Building Size 8,646 SF
No. Rooms 15
No. Stories 2
Year Built/Renovated 1897/1998
Parking Ratio 1.39/1,000 SF
Corridor Exterior
Zoning COM/Res - Commerical

AMENITIES

  • Restaurant
  • Patio
  • On-Site Bar
  • Boutique/Lifestyle Hotel

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 15 $50.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
RPH05-380-01013AA
Land Assessment
$189,137
Improvements Assessment
$685,464
Total Assessment
$874,601
  • Listing ID: 3646692

  • Date on Market: 2/27/2013

  • Last Updated:

  • Address: 126 W Main St, Hope, ID 83836

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