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Lake Chealn Motel 2044 W Woodin Ave 10 Room Hotel Chelan, WA 98816 $2,450,000 ($245,000/Room)
Investment Highlights
- 10-room motel with established operations
- Positioned in a high-demand recreational/tourism market
- Located one block from Lake Chelan
- Outdoor pool amenity
- Expansion potential for value-add upside
- Returning customer base / turnkey opportunity
Executive Summary
Lake Chelan Motel is a 10-room, turnkey hospitality asset located at 2044 W Woodin Ave. in Chelan, WA. Situated one block from Lake Chelan and near Lakeside Park, the property benefits from strong tourism demand in a well-established recreational market.
The offering includes two parcels totaling approximately 0.46 acres and features a classic motor lodge layout with a nostalgic lakeside aesthetic. The property is an operating business with returning clientele, providing immediate income potential.
On-site amenities include a sparkling outdoor pool, and the site offers expansion potential, presenting investors with both stabilized cash flow and upside opportunity. Priced at $2,450,000, this is a rare opportunity to acquire a vintage lodging asset in Washington’s highly sought-after Lake Chelan market.
The offering includes two parcels totaling approximately 0.46 acres and features a classic motor lodge layout with a nostalgic lakeside aesthetic. The property is an operating business with returning clientele, providing immediate income potential.
On-site amenities include a sparkling outdoor pool, and the site offers expansion potential, presenting investors with both stabilized cash flow and upside opportunity. Priced at $2,450,000, this is a rare opportunity to acquire a vintage lodging asset in Washington’s highly sought-after Lake Chelan market.
Property Facts
| Price | $2,450,000 | Lot Size | 0.48 AC |
| Price Per Room | $245,000 | Building Size | 8,338 SF |
| Sale Type | Investment | No. Rooms | 10 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1922/1994 |
| Building Class | C | Corridor | Exterior |
| Zoning | Commercial/ Tourist Accom | ||
| Price | $2,450,000 |
| Price Per Room | $245,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 8,338 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 1922/1994 |
| Corridor | Exterior |
| Zoning | Commercial/ Tourist Accom |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 10 | $82.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 45439 | Improvements Assessment | $115,524 |
| Land Assessment | $100,000 | Total Assessment | $215,524 |
Property Taxes
Parcel Number
45439
Land Assessment
$100,000
Improvements Assessment
$115,524
Total Assessment
$215,524
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Lake Chealn Motel | 2044 W Woodin Ave
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