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Additional details
Listed by:Daily Realty Group LLC • Jen Bentz
$ 1,500,000
Est. payment /mo
Active
19930 State Route 2 Monroe, WA 98272
0.58 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Monroe
MLS Listing ID 2497688
Style 64 - Hotel/Motel
Year Built 1953
Annual Tax Amount $9,421
Lot Size 0.580 Acres
Lot Dimensions 128.5x189.23x138x212
Property Sub-Type Commercial Industrial
Property Description
Prime Highway 2 Commercial Redevelopment Opportunity with Existing Income on .58 acres. Zoned General Commercial, this high-visibility property benefits from approximately 22,000 vehicles per day along the busy Highway 2 corridor, providing excellent exposure for future commercial uses. The site offers strong potential for redevelopment including retail, restaurant, office, or mixed-use projects. Currently operating as a 19-unit motel with weekly rentals, the property generates interim income while future plans are developed. Utilities are already on site and the larger parcel size offers flexibility for redevelopment, expansion, or repositioning. Conveniently located in Monroe along a major commuter and recreation route connecting Everett, Monroe, and Stevens Pass, with nearby shopping, dining, and services. Rare opportunity to acquire a larger commercial parcel with strong visibility, existing income, and long-term development potential. Pro Forma Financials indicate an estimated 13% CAP RATE based on projected stabilized operations.
Location
State WA
County Snohomish
Area 750 - East Snohomish County
Interior
Flooring Ceramic Tile, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Cement/Concrete, Wood, Wood Products
Roof Type Composition,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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