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About the Listing 317 - 82075
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.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Commercial Sale
MLS ®
2505950
Year Built
1986
Total Square Footage
0
Lot/Acreage
1.51
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Monroe
Exterior Details
- Lot Description: Zoning: Commercial,See Remarks
- Garage Capacity: N/A
- Parking Spaces: 64
- Zoning: Commercial,See Remarks
- Roof: Composition
- Others: Brick,Wood,Wood Products
- Sewer: City of Monroe
Financial Details
- Tax Amount: $43,377
- Taxes w/Assessments: N/A
- Tax/Property ID: 27060100112200
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
18950 State Route 2 Monroe, WA 98272
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