$6,500,000
18950 State Route 2, Monroe, WA 98272
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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 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 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 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

MLS #2505950 / Listing provided by NWMLS & Keller Williams Greater Seattl.

$6,500,000

18950 State Route 2
Monroe, WA 98272

Active 23 hours ago
1986
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: No
  • Cooling: No
Exterior Features

Parking

  • Parking Total: 64
  • Total Uncovered Parking Spaces: 64

Structure

  • Roof: Composition
  • Exterior Features: Brick, Wood, Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Acres: 1.51
  • Foundation: Poured Concrete
Area Features

Lot Details

  • Acres: 1.51
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric, Ground Source
  • Power Company: Sno PUD

Water, Sewer, and Garbage

  • Sewer Company: City of Monroe
  • Sewer: Sewer Connected
  • Water Company: City of Monroe
  • Water Source: Public
  • Water, Sewer, and Garbage: 30000
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Amber Jensen

Amber Jensen
Broker | REALTOR®

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