The Washington Hotel 15432 Washington Rd Local commercial 762 m² 100 % Loué À vendre Washington, CA 95986 866 953 € (1 137,19 €/m²) Taux de capitalisation 8,90 %

Coldwell Banker Commercial Grass Roots Realty is pleased to present for sale the Washington Hotel, a historic Gold Rush-era riverfront hospitality property located in the town of Washington, California. This unique offering includes 14 guest rooms, a full-service restaurant and bar with a commercial kitchen, and a spacious two-bed/ one-bath apartment on the third floor. Positioned directly on the South Yuba River, the Washington Hotel is the central gathering place for the community and a well-known destination for outdoor recreation enthusiasts, campers, and travelers exploring the Sierra foothills.

The restaurant and bar are the primary revenue drivers, generating approximately 85% of the property's ~$533,000 in 2024 gross income. The business benefits from a rare and valuable Type 47 liquor license, included in the sale, with an approximate standalone value of $175,000. The property offers indoor dining, a riverfront beer garden, and an efficiently laid-out commercial kitchen.

While the bar and restaurant are thriving, the hotel component is significantly underutilized, operating at just ~10% occupancy. Comparable hotels in Nevada City and Grass Valley average closer to 60%, creating a meaningful opportunity for a new operator to increase revenue through improved marketing, OTA exposure, and targeted upgrades. The two premium rooms with private bathrooms are consistently booked, while the remaining hostel-style rooms offer affordable lodging for outdoor-focused visitors.

The third-floor apartment is 2,172 square feet and features two bedrooms and one bathroom. The property offers expansive views of the South Yuba River from multiple vantage points, including guest decks and common areas. Guests also enjoy direct access to a world-class swimming hole—one of the region's most treasured natural attractions.
A family currently uses the apartment and it is not producing income. Assuming the apartment's current market rent of $1,800 per month, the property supports a pro forma gross income of $555,000. It produces approximately $88,000 in net operating income, equating to an 8.9% cap rate at the $995,000 asking price. Priced at $121 per square foot, the asset offers immediate yield with clear operational upside.

Constructed in 1865 and last renovated in 2017, the Washington Hotel features classic wood-frame construction with wood siding and a composition shingle roof. Interior improvements include vinyl plank and sheet flooring, updated paint, and general refurbishments throughout the common areas, guest rooms, and bar. PG&E serves the property for electricity and natural gas, a septic system for sewer, and water from the Washington County Water District. Situated on a 0.51-acre parcel, the total building area is 8,206 square feet across three levels.

The 2,172-square-foot third-floor apartment offers meaningful flexibility—ideal for an owner/user to live on-site or to be leased as a long-term or vacation rental, generating additional income. This versatility enhances the property’s utility and investment appeal. Given the strong in-place cash flow, established operations, and mixed-use layout, the property is an ideal candidate for SBA financing.

The Town of Washington, California:

Tucked deep in the Sierra Nevada foothills, Washington, California, is a historic gold rush town known for its rich heritage, raw natural beauty, and authentic small-town character. Founded in 1849 along the banks of the South Yuba River, Washington remains one of the few surviving enclaves of California’s gold mining era, where rustic charm, forested hills, and a tight-knit community continue to define daily life.

Washington is located about 25 minutes northeast of Nevada City, 30 minutes from Grass Valley, and less than an hour southwest of Truckee. This unique geographic position between the foothill arts and tourism centers of western Nevada County and the year-round recreation economy of the Lake Tahoe region places Washington in a unique position. While remote in feel, the town is easily accessed via Highway 20 and Washington Road, drawing visitors from both mountain and valley corridors throughout the year.

The area attracts outdoor enthusiasts, campers, OHV riders, and river-seekers who come for the swimming holes, fly fishing, hiking trails, and campgrounds surrounding the town. Its enduring character and dramatic setting make Washington a sought-after escape from urban life, where cell service drops and connection happens the old-fashioned way.

The Washington Hotel is the town’s central gathering place—a social and economic anchor for residents and travelers. From its riverside beer garden to live music and community events, the hotel plays a vital role in the cultural fabric of Washington. It’s more than a business—it’s a landmark.