


18950 State Route 2Monroe, WA 98272
Commercial · 1.51 Acres18950 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.
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
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
18950 State Route 2 Market Data
Based on the last 30 days in this zip code
18950 State Route 2 History
| Date | Value | Agent |
|---|---|---|
| 5/12/2026Source: NWMLS | $5,999,900 -7.7% |
|
| 4/15/2026Source: NWMLS | April 15, 2026 |
















