1862 State Route 20, Sedro Woolley, WA 98284

About this property

Don't miss this chance to take advantage of a vacant motel waiting for the next owners vision. The offering presents the opportunity to acquire a 48-room private motel at an asking price of $1,999,999—approximately $41,667 per room—in SedroWoolley, Washington. Positioned directly along State Route 20, the property occupies a strategic location between the Interstate 5 corridor and the North Cascades. The site is within approximately 1/2 mile of PeaceHealth United General Medical Center and near downtown Sedro-Woolley, regional employers, Skagit Valley attractions and year-round outdoor recreation. The investment thesis is centered on acquiring a substantial existing room count at a comparatively low per-room basis, completing a renovation and repositioning the property for a diversified mix of tourists, medical visitors, traveling professionals, contractors, business travelers and regional guests. The Sedro-Woolley motel has been pre-approved for conversion by Wyndham (Dazzler by Wyndham), Red Roof Inn, and Sonesta Hotels Americas Best Value Inn , giving investors the flexibility to choose from three nationally recognized brands. The motel is modeled at a $115 average daily rate, 65% stabilized occupancy and 98% room availability. These assumptions produce approximately $1.28 million in annual room revenue and approximately $449,200 in projected net operating income, before debt service, depreciation and income taxes.