Active · Commercial Sale

18950 State Route 2 , Monroe, WA 98272

Monroe, WA 98272

$5,700,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by KW Greater Seattle · MLS #2505950 · Active

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About this property

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.

Property details

Property type: Commercial Industrial
Year built: 1986
Lot size: 65,776 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $43,377 (2025)
Parking spaces: 64

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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