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Salt Hotel & Pub 147 Howerton Ave 21 Room Hotel Ilwaco, WA 98624 $1,950,000 ($92,857/Room)
EXECUTIVE SUMMARY
Salt Hotel & Pub is a unique 21 unit hotel & restaurant located right on the Port of Ilwaco. This leasehold interest was originally built in 1972 and recently renovated, creating a modern and inviting getaway for guests. All of the guestrooms are well-appointed with comfortable beds and dockside decor. The onsite restaurant is family friendly and includes a full bar with indoor and outdoor seating and panoramic views of the marina. The property also includes an upstairs harbor view event space that can accommodate up to 60 people as well as an onsite Norwegian style sauna.
Nestled in the charming coastal town of Ilwaco, WA, this property offers an attractive investment opportunity in a tourism-driven community. Situated near the breathtaking Cape Disappointment State Park and the historic Cape Disappointment Lighthouse, the area provides a picturesque backdrop for a hospitality & restaurant establishment. Visitors can explore the nearby Long Beach Peninsula, famed for its pristine beaches and welcoming atmosphere, while also enjoying local attractions such as the Columbia Pacific Heritage Museum and the Ilwaco Marina. Ilwaco, WA is less than 30 minutes from Astoria, OR and the area is a common destination for residents of both the Portland, OR and Seattle, WA metro areas.
Nestled in the charming coastal town of Ilwaco, WA, this property offers an attractive investment opportunity in a tourism-driven community. Situated near the breathtaking Cape Disappointment State Park and the historic Cape Disappointment Lighthouse, the area provides a picturesque backdrop for a hospitality & restaurant establishment. Visitors can explore the nearby Long Beach Peninsula, famed for its pristine beaches and welcoming atmosphere, while also enjoying local attractions such as the Columbia Pacific Heritage Museum and the Ilwaco Marina. Ilwaco, WA is less than 30 minutes from Astoria, OR and the area is a common destination for residents of both the Portland, OR and Seattle, WA metro areas.
PROPERTY FACTS
| Price | $1,950,000 | Building Size | 11,400 SF |
| Price Per Room | $92,857 | No. Rooms | 21 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2015 |
| Property Subtype | Hotel | Parking Ratio | 7.89/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 12.27 AC | ||
| Zoning | UGA | ||
| Price | $1,950,000 |
| Price Per Room | $92,857 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 12.27 AC |
| Building Size | 11,400 SF |
| No. Rooms | 21 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2015 |
| Parking Ratio | 7.89/1,000 SF |
| Corridor | Exterior |
| Zoning | UGA |
AMENITIES
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 21 | $182.00 | - |
PROPERTY TAXES
| Parcel Number | 73031014000 | Improvements Assessment | $0 |
| Land Assessment | $12,300 | Total Assessment | $12,300 |
PROPERTY TAXES
Parcel Number
73031014000
Land Assessment
$12,300
Improvements Assessment
$0
Total Assessment
$12,300
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Salt Hotel & Pub | 147 Howerton Ave
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