$5,700,000
( )
 $30,599 est/mo Sourced by Back At You

18950 State Route 2,Monroe, WA 98272

Monroe, WA 98272

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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.

Details

MLS #2505950
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year1986
Days On Site145
Listing Provided ByKW Greater Seattle | Richard C. Buchanan

Features

Units2
ZoningCommercial,See Remarks
Acreage1.51

Taxes

Property43377

Area Information

StateWA
CountySnohomish
CityMonroe
Zip Code98272
Area750 East Snohomish County
Community NameMonroe
Listing VS Median (in Monroe)
Price:
$5,700,000
low | high
Med:
$802,500
100% of Average
On site:
145
low | high
Med:
88.5
100% of Average
Sourced by Back At You

Market Activity 98272

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Learn More About This Property

StateWA
CountySnohomish
CityMonroe
Zip Code98272
Area750 East Snohomish County
Community NameMonroe
Listing VS Median (in Monroe)
Price:
$5,700,000
low | high
Med:
$802,500
100% of Average
On site:
145
low | high
Med:
88.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $4.275M - $7.125M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
641 North Street Property Photo 1
$475,000
641 North Street
Monroe, WA 98272
Listing Updated: July 10, 2026 at 11:40:36 AM PDT