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[email protected] | 425.888.2993 CHALET MOTEL |
23040 Pacific Highway South Des Moines, WA 98198
Heritage Plaza
CHALET MOTEL
800 E F IRST STREET , CLE ELUM, WA 98922
OFFERING MEMORANDUM
[email protected] | 425.888.2993 CHALET MOTEL | 2
TABLE OF CONTENTS
3………………..PROPERTY SUMMARY
4…………………………….AERIAL MAP
5……………………….DEMOGRAPHICS
6…LOCATION & AREA ATTRACTIONS
7………………..….PROPERTY PHOTOS
8………………...FINANCIAL ANALYSIS
[email protected] | 425.888.2993 CHALET MOTEL | 3
This offering presents a unique investment opportunity for a Buyer to acquire a charming
11 guest-room motel within the heart of beautiful Cle Elum, Washington. This property was
recently renovated by the owner and has been well kept.
PROPERTY NAME Chalet Motel
ADDRESS 800 E First Street, Cle Elum, WA 98922
ASSET DESCRIPTION Residential; Hotels/Motels
YEAR BUILT 1963
SQUARE FEET 3,722sf
SALE PRICE $650,000
PRICE PER SQUARE FOOT $174.64
PARCEL NUMBER 503835
COUNTY Kittitas County
ACCESS Easy access to Motel is located right
off of Hwy 903 in Cle Elum.
PARKING Ample parking is located directly on
the property outside of guest rooms
and motel office.
OFFERING HIGHLIGHTS
PRICE $650,000
SQUARE FEET 3,722sf
PRICE/PSF $171.10
PROPERTY SUMMARY
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DEMOGRAPHICS
Total Population 1,233 3,592 5,354
Total Households 590 1,448 2,414
Population
1 mile 3 mile 5 mile
2022 Population Projection
Total Population 1,244 3,834 5,362
Total Households 596 1,553 2,639
1 mile 3 mile 5 mile
Average Household Income $78,210 $75,863 $78,205
Median Household Income $52,123 $57,402 $60,961
Per Capita Income $37,436 $30,583 $35,265
1 mile 3 mile 5 mile
Average Household Income $68,294 $67,302 $69,926
Median Household Income $45,514 $50,924 $54,508
Per Capita Income $32,690 $27,132 $31,532
Income
1 mile 3 mile 5 mile
2022 Income Projection
Population
Average Household Income
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LOCATION & AREA ATTRACTIONS
Just an hour East of Seattle, Cle Elum is known as “The Heart of the
Cascades” and boasts many beautiful outdoor and popular attrac-
tions including Museums, Artisan Bakeries, Suncadia Resort, several
outdoor Wedding Venues, Ironhorse State Park and the Yakima River
which all draw thousands of tourists each year.
The City of Cle Elum is also home to the annual Pioneer Days which
celebrates the area’s rich history in the Timber and Railway industries.
Growing rapidly with transplants from the Westside of the mountains,
the population in this area is expected to grow by 8% within the next
4 years.
Driving time to:
Snoqualmie Pass 32 Minutes
Ellensburg, WA 29 Minutes
Leavenworth, WA 60 Minutes
Seattle, WA 80 Minutes
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Financial Analysis Available Upon Receipt of Signed Confidentiality Agreement
FINANCIAL ANALYSIS
