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$5,700,000 -$299,900 (-5%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 18950 State Route 2
General
- Price: $5,700,000
- Taxes: $43,377 (2025)
- Status: Active
- Type: Industrial
- Source: NWMLS
- MLS ID: 2505950
- Updated: 6/30/2026
- Added to Site: 82 day(s) ago
Rental Information
- Complex Features: Disabled Access, Signage Included
- Short Term: Yes
Parking
- Uncovered Spaces: 64
Location
- Area: 750 - East Snohomish County
- County: Snohomish
- Subdivision: Monroe
- Driving Directions: S side of hwy 2, SE of 522/hwy 2 junction.
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Hotel/Motel
- Exterior Const.: Brick, Wood, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
- Warehouse: 18,079 Sq. Ft.
- Year Built: 1986
Lot Features
- Lot Size (Acres): 1.51
- Lot Size (Sq. Ft.): 65,776
- Lot Depth: 237
- Topography: Level
- Zoning: Commercial, See Remarks
Financial Considerations
- Tax Amount: $43,377
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Surveyed: false
- Property ID: 27060100112200
Listed by Richard C. Buchanan | KW Greater Seattle | (206) 632-2636
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Schools
Schools serving 18950 State Route 2
School District:Monroe School District
| Name | Grades | Distance |
|---|---|---|
Frank Wagner Elementary School 115 Dickinson Road, Monroe, WA 98272 | K-5 | 0.5 mi |
Park Place Middle School 1408 West Main Street, Monroe, WA 98272 | 6-8 | 0.9 mi |
Monroe High School, Monroe, WA 17001 Tester Road, Monroe, WA 98272 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18950 State Route 2
Date
Details
Price
Change
Source
6/30/2026
Price Reduced
$5,700,000
-5%
MLS
5/12/2026
Price Reduced
$5,999,900
-7.69%
MLS
4/15/2026
Listed
$6,500,000
15.04%
MLS
1/31/2023
Sold
$5,650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 18950 State Route 2
Year
Property Taxes
Change
Tax Assessment
Change
2026
$42,895
-67%
$5,481,000
11%
2025
$129,424
281%
$4,950,000
30%
2023
$33,968
9%
$3,800,000
14%
2022
$31,172
-4%
$3,338,000
—
2021
$32,308
—
$3,338,000
—
2021
$32,308
—
$3,342,000
—
2020
$32,380
6%
$3,342,000
7%
2019
$30,656
-12%
$3,123,000
8%
2018
$34,650
-2%
$2,892,000
8%
2015
$35,341
-2%
$2,672,000
2%
2014
$36,179
—
$2,620,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 18950 State Route 2
18950 State Route 2, Monroe, WA 98272 (MLS# 2505950) is a Industrial property. 18950 State Route 2 is currently listed for $5,700,000 and was received on April 15, 2026. Want to learn more about 18950 State Route 2? Do you have questions about finding other Industrial real estate for sale in Monroe? You can browse all Monroe real estate or contact a Coldwell Banker agent to request more information.

