$5,999,900
Est. $30,402/mo18950 State Route 2, Monroe, WA 98272
• Listed 2026-04-15•31 days on market
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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, Monroe, WA 98272
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 12, 2026 at 01:43pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Listed by Richard C. Buchanan • KW Greater Seattle
Listing updated: May 12, 2026 at 01:43pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2505950
Open Sat, Jun 13 +2Open Sat, Jun 13Open Sat, Jun 13Open Sat, Jun 13Open Sat, Jun 13Open Sat, Jun 13Open Sat, Jun 13Monroe is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 7 days.
$1,410,500 Sold
8 weeks ago
4 bd•2.5 ba
19644 136th Lane Se, Monroe, WA 98272
0%
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Days on market
1.0 mi
Distance
$1,377,950 Sold
2 months ago
4 bd•3 ba•~3,894 sq ft•Single Family
13664 196th Avenue Se, Monroe, WA 98272
0%
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Days on market
1.0 mi
Distance
$690,000 Sold
3 months ago
4 bd•2 ba•~1,920 sq ft•Single Family
620 North Street, Monroe, WA 98272
8%
Under list
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Days on market
0.2 mi
Distance
$1,364,995 Sold
4 months ago
4 bd•4.5 ba•~4,016 sq ft•Single Family
13696 197th Avenue Se, Monroe, WA 98272
0%
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Days on market
1.0 mi
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$475,000 Sold
4 months ago
3 bd•2 ba•~998 sq ft•Single Family
149 Charles Street, Monroe, WA 98272
5%
Under list
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Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
