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34179654
34179653

13050 48th Avenue South, Seattle, WA 98168

JK
WA 118409, OR 950700057 (+1)
Crystal Investment Property
MK
WA 17065, OR 970700090
Crystal Investment Property
Listed by Crystal Investment Property
$2,000,000
6 days on market
Updated 6 days ago
Opportunity zone

FairBridge Inn Express Tukwila-Seattle

Details
Property Type Hospitality, Multifamily
Sub Type Hotel, Motel
Square Footage 36,116
Keys 120
Pro-Forma Cap Rate 9.06%
Pro-Forma NOI $181,274
Price per SqFt $55
Year Built 1980
Year Renovated 2013
Buildings 2
Stories 2
Acreage 2.450
Zoning C/LI (Commercial/Light Industrial), QOZ (Qualified Opportunity Zone)

Price Reduced & 1.6 Gross Revenue | Seattle Submarket

Marketing description

CIP Exclusive - PRICE REDUCED | 1.6 Gross Revenue | SELLER FINANCING

**Pace-Morby-style offers will NOT be entertained.**

Seattle Submarket Hotel Near Seattle-Tacoma International Airport For Less Than $17K Per Key!

The FairBridge Inn Express Tukwila is a 120-key, midscale, select-service hotel located on ~2.45 acres of leased land just 3 miles from Seattle-Tacoma International Airport. The property is comprised of 2 buildings totaling over 31,000 square feet and features an outdoor seasonal pool and hot tub. Guest room mix includes Queen Singles, Queen Doubles, King Singles, and King Deluxe rooms. Hotel amenities include Grab N’ Go breakfast, an airport shuttle to SEA-TAC, and ample guest parking. The hotel is unencumbered by brand or management agreements, offering flexibility for repositioning. Located in an Opportunity Zone.

Strategically positioned off Interstate 5 and near the I-405 exchange, the property benefits from steady demand generated by the airport, nearby distribution centers, and regional business activity. This asset presents a value-add opportunity for experienced operators to modernize and rebrand in a high-demand submarket of the Seattle metro. Current operations are under-optimized, offering upside through active ownership, staffing efficiencies, and professional management. The flexible franchise agreement may be terminated with 30 days’ notice, creating options to reduce brand-related costs. A proactive operator can further drive performance by pursuing airline crew contracts, group bookings, and event-driven demand. Strong transportation access and proximity to major employers support sustained commercial and transient traffic.

Located in Tukwila, South Seattle, Washington

Tukwila is a strategically located Seattle suburb just 3 miles from Seattle-Tacoma International Airport (SEA-TAC), which is expected to serve ~53.5 million passengers annually (2025). Known for its strong industrial and logistics presence, Tukwila is home to major employers and distribution hubs, including Boeing, Alaska Airlines, Costco, REI, and the regional UPS and FedEx networks. The city draws consistent demand from airline crews, logistics professionals, and business travelers visiting nearby warehouses, corporate campuses, and commercial parks. With immediate access to I-5, I-405, and SR-518, plus Link light rail service to downtown Seattle and the airport, Tukwila offers reliable connectivity for both short-term stays and regional travel.

NOTES:

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification.

  • All property tours must be arranged through the broker.
  • DO NOT CONTACT PROPERTY OR EMPLOYEES!

Buyer's Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.

Investment highlights

  • Midscale | Select-Service | 120 Keys
  • $16,667 Per Key | 9.06% Cap Rate (Proforma) | 1.6x Gross Revenue
  • Seller Financing Available On Principal Of Loan Only
  • **Pace-Morby-style offers will NOT be entertained.**
  • Located In A Qualified Opportunity Zone
  • Close To Seattle-Tacoma International Airport
  • Upside For Experienced Owner In Seattle Submarket
  • Proximity To Distribution Centers & Infrastructure Projects
  • Unencumbered by Franchise or Management
  • Leased Land (Term Ends 2039)
  • Opportunity To Reposition, Rebrand, Or Alternative Reuse

Listing Contacts

JK
WA 118409, OR 950700057 (+1)
Crystal Investment Property
MK
WA 17065, OR 970700090
Crystal Investment Property
Listed by Crystal Investment Property

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Zoning

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CLI MixedMixed UseCommercial Light Industrial
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Joseph Kennedy
License
118409
Brokerage
Crystal Investment Property, LLC
Name
Michelle Kennedy
License
17065
Brokerage
Crystal Investment Property, LLC
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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