request_info_guest false

GuestHouse Kelso Longview

Market Price

501 Three Rivers Drive, Kelso, WA 98626

Active
Last Updated: 09/29/2025

12.01

Cap Rate

750,915

NOI

Details:
Cap Rate:    12.01%
NOI:    $750,915
Building Size:    34,193 sqft
Lot Area:    1.49 acres
Keys:    60
Year Built:    1999
Floors:    3
Seller Financing:    No
Opportunity Zone:    Yes
Year Last Renovated:    2025
Highlights:
  • Midscale | Select-Service | 60 Keys
  • 12.01% Cap Rate, 19.28% ROI, & 3.02 GRM (Actual)
  • Stabilized, High-Return, Turnkey Asset
  • Fully Staffed for Remote Management
  • PIP Completed, Potential to Rebrand
  • I-5 Corridor at Key Transportation Hub
  • Tourism & Business Demand Drivers
  • 60-Year Ground Lease in Place
Description:

Stabilized I-5 Corridor Opportunity Zone Asset

GuestHouse Kelso Longview is a 60-key, interior-corridor, select-service, midscale hotel positioned along the I-5 corridor at Exit 39 in Southwest Washington. The asset benefits from a completed 2025 PIP, stabilized operations, and the flexibility to rebrand under a new national, regional, or independent flag. A secure 60-year private ground lease offers long-term control with predictable land costs. Located less than 0.6 miles from the Kelso-Longview Amtrak Station and adjacent to the revitalized Three Rivers Crossing retail and dining center, the property draws balanced demand from regional employers, the Port of Longview, healthcare, manufacturing, and year-round tourism.

Kelso and Longview are twin riverfront cities in Southwest Washington, where forested hills and waterways frame two walkable, historic downtowns. The combined core features restored architecture, locally owned shops, cafes, and seasonal markets, with waterfront trails connecting parks and public gathering spaces. Visitors enjoy year-round recreation, from hiking and cycling in nearby forests to skiing in the Cascade Mountains and fishing along the Columbia and Cowlitz Rivers. Cultural venues, museums, and event centers host concerts, sporting events, and exhibitions that keep the calendar active through every season. Community festivals and arts programming add to the area’s friendly, welcoming atmosphere. Prominently located on the I-5 corridor, just an hour from Portland, Kelso and Longview are connected to nearby cities and destinations by scenic highways and routes leading to Seattle, the Oregon Coast, and the Columbia River Gorge.

IMPORTANT:
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

Map:
Documents:
Title
GuestHouse_Kelso_Longview_Flyer.pdf
Offering Memorandum & Financials
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery