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38820 WA-706
Ashford, WA 98304
Gateway Inn at Mt Rainier · Hospitality Property For Sale
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13,367 SF
Investment Highlights
- Absolute NNN lease structure with zero landlord responsibilities
- Located 50 ft from the entrance of Mt. Rainier National Park which saw over 2.5M visitors in 2023
- Tenant has operated the property since 1989
- 10 year firm term lease with 3% annual increases
- Year-round lodging available, with an assortment of guest rooms and amenities
Property Facts
| Property Type | Hospitality | Building Size | 13,367 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1924/1986 |
| Lot Size | 2.70 AC | Corridor | Exterior |
| Zoning | TC - TC - Tourist Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 13,367 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1924/1986 |
| Corridor | Exterior |
| Zoning | TC - TC - Tourist Commercial |
Amenities
- On-Site Retail
- Public Access Wifi
Property Taxes
| Parcel Number | 071533-4008 | Improvements Assessment | $937,900 |
| Land Assessment | $226,300 | Total Assessment | $1,164,200 |
Property Taxes
Parcel Number
071533-4008
Land Assessment
$226,300
Improvements Assessment
$937,900
Total Assessment
$1,164,200
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