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Listed price in listed location currency (USD).
$1,500,000

0026

MLS® 2497688

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $9,421
Days Active 20
Lot Size 
Approx. Age 1953
MLS® Number 2497688

Property Address: 19930 State Route 2, Monroe, WA, 98272-2356

Average square foot calculated using Size range provided by listing agent.

Description

Prime Highway 2 Commercial Redevelopment Opportunity with Existing Income on .58 acres. Zoned General Commercial, this high-visibility property benefits from approximately 22, 000 vehicles per day along the busy Highway 2 corridor, providing excellent exposure for future commercial uses. The site offers strong potential for redevelopment including retail, restaurant, office, or mixed-use projects. Currently operating as a 19-unit motel with weekly rentals, the property generates interim income while future plans are developed. Utilities are already on site and the larger parcel size offers flexibility for redevelopment, expansion, or repositioning. Conveniently located in Monroe along a major commuter and recreation route connecting Everett, Monroe, and Stevens Pass, with nearby shopping, dining, and services. Rare opportunity to acquire a larger commercial parcel with strong visibility, existing income, and long-term development potential. Pro Forma Financials indicate an estimated 13% CAP RATE based on projected stabilized operations.
MLS® Number2497688
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1953
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 27, 2026List Date
$1,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
19930 State Route 2, Monroe, WA

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