Don't miss this chance to take advantage of a vacant motel waiting for the next owner's vision. Opportunity to acquire a 48-room private motel at an asking price of $1,999,999—approximately $41,667 per room—in Sedro-Woolley, Washington. Located on State Route 20, the property occupies a strategic location between Interstate 5 and… Read More the North Cascades. The site is within 1/2 mile of PeaceHealth United General Medical Center and near downtown Sedro-Woolley, North Cascades National Park, Mount Baker, Diablo Lake, the Skagit Valley Tulip Festival, Cascade Loop Scenic Highway, and year-round recreation. Acquire a 48-room motel at an attractive per-room cost, renovate, and reposition the property to serve tourists, medical visitors, contractors, business travelers, and regional guests. The Sedro-Woolley motel has been pre-approved for conversion by Wyndham (Dazzler by Wyndham), Red Roof Inn, Sonesta Hotels (Sonesta Select), and Americas Best Value Inn, Park Inn (Choice Hotels) giving investors the flexibility to choose from nationally recognized brands. The motel is modeled at a $115 average daily rate and 65% stabilized occupancy, producing approximately $1.28M in annual room revenue and approximately $640K projected NOI before debt service and taxes. Read Less
Listing courtesy of Every Door Real Estate
Listing Snapshot
Cumulative Days On Market
6
Days on Website
5
Last Updated
Property Type
Hotel/Motel
Lot Size
1.34 Acres
Year Built
1950
Property Tax
$14,158
MLS Number
2558477
30 Days Snapshot Of 98284
$547k
+7%
(avg) sold price
32
0%
homes sold
54
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 0, Building Area Units: Square Feet, Calculated Square Footage: 0, Elevation Units: Feet, Living Area: 0, Structure Type: Hotel/Motel, Year Built: 1950
Expenses
Other Expense: 0
Exterior Features
Exterior Features: Wood, Wood Products
Fireplaces
Fireplaces Total: 0
Floors
Flooring: Laminate
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: 0
Lot
1 acres, 58370 square feet
Parking
Parking Total: 0
Property
Zoning Description: Commercial
Roof
Roof: Composition, Metal
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Production Type: Electric, 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 ,
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