Listing provided courtesy of KW Greater SeattleNWMLSas Distributed by MLSGrid- MLS# NWM2505950MLS Provider

18950 State Route 2Monroe, WA 98272

Commercial · 1.51 Acres
$5,999,900 Active

18950 State Route 2 Overview

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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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18950 State Route 2 Facts & Features

  • Type Commercial
  • Lot 1.51 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Income/Expenses

  • Other Expense: 16200
  • Electric Expense: 14400
  • Fuel Expense: 5400
  • Gross Scheduled Income: 1400400
  • Insurance Expense: 2100
  • Net Operating Income: 615000
  • Total Expenses: 111477
  • Water/Sewer/Garbage: 30000

Building Information

  • Year Built: 1986

Location/Region

  • Country: US
  • County Or Parish: Snohomish
  • MLS Area Major: 750 - East Snohomish County
  • Subdivision Name: Monroe

Tax Information

  • Tax Annual Amount: $43,377.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 27060100112200
  • Possible Use: Commercial,See Remarks
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Approximate Building Square Feet: 18079
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Details: Poured Concrete
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Ground Source

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 64
  • Parking Uncovered Total: 64

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 1.51
  • Lot Size Square Feet: 65776
  • Lot Size Units: Square Feet
  • Site Frontage: 216
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Hotel/Motel

General Information

  • Carport: No
  • Exterior Features: Brick, Wood, Wood Products
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 800

18950 State Route 2 Neighborhood

Community

98272 (Monroe) Demographics

35
Median Age
280
Population Density (per sq. mile)
35%
College Educated
$95,190
Estimated Median Income
7,265
Estimated Total Home Owners
2,017
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

18950 State Route 2 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

18950 State Route 2 Market Data

Based on the last 30 days in this zip code

$907,818
Average List Price
$392
Average Price per Square Foot
31
Properties Sold
60
Average Days on Market
131
Properties for Sale
Calculations provided by Reliance Network

18950 State Route 2 History

Date Event Value Agent
5/12/2026Source: NWMLS Price Reduction
$5,999,900 -7.7%
4/15/2026Source: NWMLS Added to Database
April 15, 2026