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- LoopNet Team
56 Central Ave
Pacific Beach, WA 98571
Sand Dollar Inn & Condos · Hospitality Property For Sale
·
5,095 SF
INVESTMENT HIGHLIGHTS
- Location. Walk to beach and Main Street retail and restaurants.
- Boutique size allows owner operation.
- Location. 1 mile from upscale development of Seabrook.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1947/2021 |
| Building Class | C | Parking Ratio | 2.55/1,000 SF |
| Lot Size | 0.11 AC | Corridor | Exterior |
| Building Size | 5,095 SF | ||
| Zoning | C - Zoned Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,095 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1947/2021 |
| Parking Ratio | 2.55/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Zoned Commercial |
AMENITIES
- High Speed Internet Access
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 56 CENTRAL AVE , PACIFIC BEACH, WA 98571
Opportunity to own a partially remodeled small Inn in Pacific Beach. 8 units including a dramatic 1 bedroom penthouse. Centrally located in downtown Pacific Beach... just a short walk to the beach or the growing number of shops and eateries on Main Street. Only one mile from the wildly popular resort community of Seabrook which offer upscale shops and restaurants. Pacific Beach is being discovered. Your choice... continuing operating as motel with or without on site manager or live in the penthouse and rent the other 7 units. Excellent reviews and a growing income stream. Solid concrete block construction. Truly a hidden gem on the Washington Coast. Note: Proforma for 2021 reflects an estimated $110,000 gross income and a Cap Rate at 5.5%. This includes paying a property management company a 27% fee. Previous failed sale was a result of 70 page inspection report. Seller is repairing nearly all moderate or high priority repairs called for in the report.
PROPERTY TAXES
| Parcel Number | 795500701400 | Improvements Assessment | $854,776 |
| Land Assessment | $106,000 | Total Assessment | $960,776 |
PROPERTY TAXES
