125 room limited service hotel in the center of town with ocean views. 600 feet frontage. 4 adjacent motels packaged as Sands Resort. Indoor and outdoor swimming pools. Game room. Decks. New phone reservation system and asphalt parking lot. Needs updating and marketing. Price based on GRM of 4.4 times gross for trailing 12 months. Walk to retail and Convention Center. Tremendous upside. Large price reduction, not a fire sale. Will offer owner terms 25% DP, 5% int, 30 yr term with 3 yr cash out.
Would you like more information regarding this property?
Please call (360) 289-3373.
Data Provided by:
Northwest Multiple Listing Service