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.
| MLS # | 2561381 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 41 |
| Listing Provided By | eXp Realty | Hollie Tipps |
| Zoning | Business,Commercial |
|---|---|
| Acreage | 1.38 |
| Water Front | Yes |
| State | WA |
|---|---|
| County | Grant |
| City | Electric City |
| Zip Code | 99123 |
| Area | 290 North Grant County |
| Community Name | Electric City |
| Listing VS Median (in Electric City) | |
Price: $10,000,000 low | high Med: $360,000 On site: 41 low | high Med: 98.5 | |
| State | WA |
|---|---|
| County | Grant |
| City | Electric City |
| Zip Code | 99123 |
| Area | 290 North Grant County |
| Community Name | Electric City |
| Listing VS Median (in Electric City) | |
Price: $10,000,000 low | high Med: $360,000 On site: 41 low | high Med: 98.5 | |