520 S King St, Seattle, WA 98104 For Sale

American Hotel at 520 S King St, Seattle, WA 98104 is a rare opportunity to acquire a landmark asset in the heart of Seattle’s Chinatown-International District. Built in 1925 and renovated in 2009, this historic property combines timeless character with turnkey functionality across 90 lodging units and 6 ground-floor commercial spaces. Currently operating as the West Coast’s largest hostel, the property offers exceptional flexibility for investors, hospitality groups, or mission-driven buyers seeking affordable, workforce, veteran, or supportive housing. Residents and guests benefit from a commercial-grade communal kitchen, dining area, lounge, study space, cashless laundry, and private storage lockers—creating a true community-centered living environment. The six retail spaces provide immediate, diversified income, while the unbeatable location places the property steps from King Street Station, light rail, stadiums, medical centers, universities, and major employers. With near-perfect connectivity, strong surrounding rental fundamentals, and a price point noted in the offering as under $90K per unit, American Hotel stands out as one of Seattle’s most compelling value-add and adaptive-use opportunities.