Active · Commercial Sale
118 Miller Street , Electric City, WA 99123
Electric City, WA 99123
$10,000,000
— bedrooms · — bathrooms · 0 sq ft
Listing provided by eXp Realty · MLS #2561381 · Active
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About this property
RARE BANKS LAKE INVESTMENT PORTFOLIO! The Sky Deck Motel and nearby apartment property present an exceptional opportunity to acquire two established, high income producing properties in one of Eastern Washington’s most desirable recreation destinations. Purchase the entire portfolio or explore the opportunity to acquire either property individually. Situated directly on Banks Lake, the Sky Deck Motel features 21 guest rooms, lake access and an outdoor swimming pool that set it apart in the local hospitality market. Its waterfront setting, established operation and potential for continued growth create a truly unique investment opportunity. Located nearby on a separate parcel, the fully occupied apartment property provides dependable residential rental income and includes a desirable mix of one and two bedroom units. Together, the properties offer diversified revenue from both short term hospitality and long term residential rentals. Purchase one for a strong standalone investment or acquire both to create a rare, diversified portfolio with outstanding income and future potential.
Property details
- Property type
- Commercial Industrial
- Year built
- 1954
- Lot size
- 60,112 sq ft
- Association dues
- $0 · frequency not provided
- Parking spaces
- 0
Listings courtesy of Northwest MLS as distributed by MLS GRID.
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