Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

942 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Skagit Motel 1862 W State Route 20 47 Room Hotel Sedro-Woolley, WA 98284 $2,816,978 CAD ($59,936 CAD/Room) 25% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

Don't miss this chance to take advantage of a vacant motel waiting for the next owners vision. The offering presents the opportunity to acquire a 48-room private motel at an asking price of $1,999,999—approximately $41,667 per room—in SedroWoolley, Washington. Positioned directly along State Route 20, the property occupies a strategic location between the Interstate 5 corridor and the North Cascades. The site is within approximately 1/2 mile of PeaceHealth United General Medical Center and near downtown Sedro-Woolley, regional employers, Skagit Valley attractions and year-round outdoor recreation. The investment thesis is centered on acquiring a substantial existing room count at a comparatively low per-room basis, completing a renovation and repositioning the property for a diversified mix of tourists, medical visitors, traveling professionals, contractors, business travelers and regional guests. The Sedro-Woolley motel has been pre-approved for conversion by Wyndham (Dazzler by Wyndham), Red Roof Inn, and Sonesta Hotels Americas Best Value Inn , giving investors the flexibility to choose from three nationally recognized brands. The motel is modeled at a $115 average daily rate, 65% stabilized occupancy and 98% room availability. These assumptions produce approximately $1.28 million in annual room revenue and approximately $449,200 in projected net operating income, before debt service, depreciation and income taxes.

Property Facts

Price	$2,816,978 CAD	Building Size	39,048 SF
Price Per Room	$59,936 CAD	No. Rooms	47
Sale Type	Investment	No. Stories	2
Cap Rate	25%	Year Built	1950
Property Type	Hospitality	Parking Ratio	1.51/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	1.52 AC
Zoning	Mixed Commercial

Price	$2,816,978 CAD
Price Per Room	$59,936 CAD
Sale Type	Investment
Cap Rate	25%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.52 AC
Building Size	39,048 SF
No. Rooms	47
No. Stories	2
Year Built	1950
Parking Ratio	1.51/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Mixed Commercial