369 S Main StreetColville, WA99114
VestorFilter™
Property Description
Profitable 18-room motel. 2 buildings w/ extensive renovations. 1st has: office, mgr apart, laundry, 10 rooms. 2nd: storage & 8 rooms. Adjacent vacant lot is available by same owner. Downtown Colville on Hwy 395 (Main St), midway b/w Spokane & Canada. Guests come from: contract workers, outdoors/fishing/hunting/skiing, community resource groups, visiting family/relocating, traveling through the area, visiting from Canada. Ave booking is 3.3 nights. Most guests are regulars & stay a while. This helps manage staffing levels with 1 manager & 2 part-time cleaners. Awesome employees. Office hours 10am-6pm. 93% of revenue booked directly. 7% from Expedia. 2023 Revenues: 374k. OpEx: 258k. NOI: 116k.
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