NEW! Buy and sell safely with virtual options - Learn More
About the Listing 5688 - 36151
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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
2497688
Year Built
1953
Total Square Footage
0
Lot/Acreage
0.58
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Ceramic Tile,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Monroe
Exterior Details
- Lot Description: Zoning: Business,Commercial,Multi-Family,Office,Retail,See Remarks
- Garage Capacity: N/A
- Parking Spaces: 26
- Lot Dimensions: 128.5x189.23x138x212
- Zoning: Business,Commercial,Multi-Family,Office,Retail,See Remarks
- Roof: Composition,Torch Down
- Others: Brick,Cement/Concrete,Wood,Wood Products,Average
- Sewer: City of Monroe
Financial Details
- Tax Amount: $9,421
- Taxes w/Assessments: N/A
- Tax/Property ID: 00378000000204
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
19930 State Route 2 Monroe, WA 98272
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
