18950 State Route 2

Monroe, WA 98272

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built: 1986

  • Status: Active

$6,500,000

X

18950 State Route 2

Monroe 98272

$6500000

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built: 1986

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 0

  • Composition

  • 64 - Hotel/Motel

  • 1986

  • Poured Concrete

Features and Utilities

  • Brick, Wood, Wood Products

  • Public

  • Sewer Connected

  • 5400

Financial

  • 43377

  • Cash, Conventional

  • 04-15-2026

  • 4102

Comparable Information

  • 1

  • 1

  • Cash, Conventional

  • $6,500,000

  • $6,500,000

  • Apr 15, 2026 22:19

Schools

Map

Listing courtesy of KW Greater Seattle.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Apr 16, 2026 18:30 | Listing last modified Apr 15, 2026 22:19. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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