MLS #2505950 / Listing provided by NWMLS & Keller Williams Greater Seattl.
$6,500,000
18950 State Route 2
Monroe,
WA
98272
Year Built
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. 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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: No
- Cooling: No
Parking
- Parking Total: 64
- Total Uncovered Parking Spaces: 64
Structure
- Roof: Composition
- Exterior Features: Brick, Wood, Wood Products
- Foundation: Poured Concrete
Lot Details
- Acres: 1.51
- Foundation: Poured Concrete
Lot Details
- Acres: 1.51
- Foundation: Poured Concrete
Power
- Energy Source: Electric, Ground Source
- Power Company: Sno PUD
Water, Sewer, and Garbage
- Sewer Company: City of Monroe
- Sewer: Sewer Connected
- Water Company: City of Monroe
- Water Source: Public
- Water, Sewer, and Garbage: 30000
Sandy Jones - THE JONES TEAM
Broker | REALTOR®
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