18950 State Route 2, Monroe, WA 98272
18950 State Route 2, Monroe, WA 98272
18950 State Route 2, Monroe, WA 98272
18950 State Route 2, Monroe, WA 98272
18950 State Route 2, Monroe, WA 98272
18950 State Route 2, Monroe, WA 98272
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Darin Holland

Darin Holland

+1(360) 463-7624
Listed by:KW Greater Seattle • Richard C. Buchanan
$ 5,999,900
Est. payment | /mo

1.51 Acres Lot

Save
$ 5,999,900
Est. payment | /mo
Save

1.51 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Monroe

MLS Listing ID 2505950

Style 64 - Hotel/Motel

Year Built 1986

Annual Tax Amount $43,377

Lot Size 1.510 Acres

Property Sub-Type Commercial Industrial

Property Description

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.

Location

State WA

County Snohomish

Area 750 - East Snohomish County

Interior

Fireplace false

Exterior

Exterior Feature Brick, Wood, Wood Products

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Darin Holland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 463-7624

darin@hollandhomegroup.com

11215 180th Ln SW, Rochester, WA 98579, Rochester, Washington, 98579, USA

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18950 State Route 2