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31746776
31746778

18950 US-2, Monroe, WA 98272 For Sale

SC
WA WA 111452
Kidder Mathews Bellevue
Kendra Todd Group
Listed by Kidder Mathews Bellevue, Kendra Todd Group
$5,999,900
91 days on market
Updated 67 days ago

Fairgrounds Inn

Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 18,079
Keys 60
NOI $378,265
Year Built 1986
Year Renovated 2022
Buildings 1
Stories 2
Acreage 1.510
Zoning GC
Parking Spaces 64 spaces
Parking per 1,000 SqFt 3.54
Investment Type Value Add

18950 US-2, Monroe, WA 98272

Marketing description

The hotel comprises one two-story building that is positioned in the center of the site. Surface parking is located on the north and south sides of the building. Other site improvements include signage, located on the northern side of the site, and well-kept landscaping and sidewalks; two small storage buildings are situated along the southern border of the site.

The main entrance, located on the northern side of the building, leads directly to the lobby. The ground floor houses public areas and back-of-the-house space, while guestrooms are located on all floors.

Hotel facilities and amenities include a breakfast dining area in the lobby, a guest laundry room, a small meeting room, and a vending area. The hotel features standard and suite-style guestrooms, which offer typical amenities. Furthermore, select standard guestrooms feature a sleeper sofa, while some suites also feature a small kitchenette and a sleeper sofa. Guestroom bathrooms are standard in size, featuring a shower-in-tub and a single-sink vanity area.

Listing Contacts

SC
WA WA 111452
Kidder Mathews Bellevue
Kendra Todd Group
Listed by Kidder Mathews Bellevue, Kendra Todd Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$378,265.00
$31,522.08/mo

Valuation Metrics

0
DSCR
6.3%
Cap Rate
6.3%
ROI

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Additional Information

Name
Sun Choy
License
WA 111452
Brokerage
Sun Choy
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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