Listing courtesy of KW Greater Seattle 206-632-2636 206-632-2636
$6,500,000
Compelling investment opportunity for investors & developers seeking both immediate cash flow & long-term upside. Strategically positioned along major corridor w/ strong visibility & convenient access, the property benefits from consistent drive-by traffic and proximity to regional demand drivers, including the Evergreen State Fairgrounds, outdoor recreation, & growing residential communities.… Read More This independently operated hotel offers new ownership complete operational flexibility. Investors have option to continue operating or pursue rebranding w/ national or regional flag to enhance market positioning & revenue potential. Features solid existing structure w/ significant value-add potential through renovations, operational improvements, & repositioning strategies. Some upgrades could drive higher average daily rates (ADR) & occupancy levels, aligning the property w/ evolving guest expectations. In addition, the site offers notable redevelopment opportunities. Located along Hwy 2, a key east-west corridor, combined w/ favorable zoning & strong regional growth trends, supports consideration for alternative uses. Potential redevelopment may incl multifamily housing, mixed-use development, or a modernized hospitality concept tailored to current market demand. With continued population growth in Snohomish County & increasing lodging demand and housing in the area, the Inn represents rare opportunity to acquire a well-located asset w/ stable income characteristics. Read Less
Listing Snapshot
Cumulative Days On Market
0
Days on Website
0
Last Updated
Property Type
Hotel/Motel
Lot Size
1.51 Acres
Year Built
1986
Property Tax
$43,377
MLS Number
2505950
30 Days Snapshot Of 98272
$865k
+14%
(avg) sold price
34
0%
homes sold
79
-9%
(avg) days on market
Snapshot
Area Map
Source: Home Junction
Additional Details
Building
Building Area Total: 0, Building Area Units: Square Feet, Building Features: "Disabled Access", "Signage Included", Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Number Of Units Total: 2, Structure Type: "Hotel/Motel", Year Built: 1986
Net Operating Income: 615000, Year Value Assessed: 2025
Lot
1 acres, 65776 square feet
Parking
Parking Total: 64, Parking Uncovered Total: 64
Property
Topography: Level, Zoning Description: Commercial, See Remarks
Roof
Roof: "Composition"
Sewer
Sewer: "Sewer Connected", Sewer Company: City of Monroe
Utilities
Electric Expense: 14400, Fuel Expense: 5400, Power Company: Sno PUD, Power Production Type: "Electric", "Ground Source", Water Company: City of Monroe, Water Source: "Public"
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Dale Walters. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of .All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Dale Walters. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of .All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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