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Listed by:Every Door Real Estate • Indy Basra
$1,999,999
Est. payment /mo
1.34 Acres Lot
New
1862 State Route 20 Sedro Woolley, WA 98284
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Sedro Woolley
MLS Listing ID 2558477
Style 64 - Hotel/Motel
Year Built 1950
Annual Tax Amount $14,158
Lot Size 1.340 Acres
Property Sub-Type Commercial Industrial
Property Description
Don't miss this chance to take advantage of a vacant motel waiting for the next owner's vision. Opportunity to acquire a 48-room private motel at an asking price of $1,999,999—approximately $41,667 per room—in Sedro-Woolley, Washington. Located on State Route 20, the property occupies a strategic location between Interstate 5 and the North Cascades. The site is within 1/2 mile of PeaceHealth United General Medical Center and near downtown Sedro-Woolley, North Cascades National Park, Mount Baker, Diablo Lake, the Skagit Valley Tulip Festival, Cascade Loop Scenic Highway, and year-round recreation. Acquire a 48-room motel at an attractive per-room cost, renovate, and reposition the property to serve tourists, medical visitors, contractors, business travelers, and regional guests. The Sedro-Woolley motel has been pre-approved for conversion by Wyndham (Dazzler by Wyndham), Red Roof Inn, Sonesta Hotels (Sonesta Select), and Americas Best Value Inn, Park Inn (Choice Hotels) giving investors the flexibility to choose from nationally recognized brands. The motel is modeled at a $115 average daily rate and 65% stabilized occupancy, producing approximately $1.28M in annual room revenue and approximately $640K projected NOI before debt service and taxes.
Location
State WA
County Skagit
Area 830 - Sedro Woolley
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Roof Type Composition,Metal
Building
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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