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JRJeff ReynoldsCompass · Seattle

Listed by Richard C. Buchanan, KW Greater Seattle

Commercial Industrial
Type
1986
Year built
65,776 sq ft
Lot
89
Days on market

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.

Location & commute

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Directions

Property details

Listing details

Listing number
#2505950
Listed
April 15, 2026
Days on market
89
Original list price
$6,500,000

Parking

Total spaces
64

Construction

Year built
1986
Style
64 - Hotel/Motel
Structure
Hotel/Motel
Roof
Composition

Heating & cooling

Energy source
ElectricGround Source

Lot

Lot size
65,776 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
City of Monroe
Sewer
City of Monroe
Power
Sno PUD

What stands out to you?

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  • Hotel/Motel
  • Composition
  • Electric
  • Ground Source
  • Cash
  • Conventional

Listing history

  1. Listed

    $6,500,000

    April 15, 2026

  2. Current price

    $5,700,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$33,192

Principal & interest
$28,822
Property tax (est.)
$4,370

Assumes $1,140,000 down (20%), a $4,560,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 10:45 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.