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 courtesy of KW Greater Seattle
Listing Snapshot
Cumulative Days On Market
131
Days on Website
131
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
$799k
+10%
(avg) sold price
29
-3%
homes sold
62
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 0, Building Area Units: Square Feet, Building Features: Disabled Access, Signage Included, Calculated Square Footage: 0, Construction Materials: Brick, Wood, Elevation Units: Feet, Living Area: 0, Number Of Units Total: 2, Structure Type: Hotel/Motel, Year Built: 1986
Expenses
Other Expense: 16200
Exterior Features
Exterior Features: Brick, Wood, Wood Products
Fireplaces
Fireplaces Total: 0
Foundation
Foundation Details: Poured Concrete
Home Owner's Association
Association Fee: $0
Income
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
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 ,
Confirm your time
Fill in your details and we will contact you to confirm a time.