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.
| MLS # | 2505950 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 145 |
| Listing Provided By | KW Greater Seattle | Richard C. Buchanan |
| Units | 2 |
|---|---|
| Zoning | Commercial,See Remarks |
| Acreage | 1.51 |
| Property | 43377 |
|---|
| State | WA |
|---|---|
| County | Snohomish |
| City | Monroe |
| Zip Code | 98272 |
| Area | 750 East Snohomish County |
| Community Name | Monroe |
| Listing VS Median (in Monroe) | |
Price: $5,700,000 low | high Med: $802,500 On site: 145 low | high Med: 88.5 | |
| State | WA |
|---|---|
| County | Snohomish |
| City | Monroe |
| Zip Code | 98272 |
| Area | 750 East Snohomish County |
| Community Name | Monroe |
| Listing VS Median (in Monroe) | |
Price: $5,700,000 low | high Med: $802,500 On site: 145 low | high Med: 88.5 | |
![]() | $475,000641 North StreetMonroe, WA 98272 |