19930 State Route 2, Monroe, WA 98272
19930 State Route 2, Monroe, WA 98272
19930 State Route 2, Monroe, WA 98272
19930 State Route 2, Monroe, WA 98272
19930 State Route 2, Monroe, WA 98272
19930 State Route 2, Monroe, WA 98272
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Randi Haskins

Randi Haskins

+1(425) 345-6672
Listed by:Daily Realty Group LLC • Jen Bentz
$ 1,500,000
Est. payment | /mo

0.58 Acres Lot

Save
$ 1,500,000
Est. payment | /mo
Save

0.58 Acres Lot

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Randi Haskins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(425) 345-6672

randi.szakaly@joinreal.com

22803 Sofie Rd Monroe 98272

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19930 State Route 2