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American Hotel Hostel 520 S King St 90 Room Hostel Seattle, WA 98104 For Sale

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Investment Highlights

A+ Location in a Coveted Seattle Corridor
Turnkey for the Right Buyer
Built for Community

Exceptional Price Per-Unit
Multiple Income Streams from Day One

Executive Summary

American Hotel at 520 S King St, Seattle, WA 98104 presents a rare opportunity to acquire a landmark asset in the heart of Seattle’s Chinatown-International District. Built in 1925 and renovated in 2009, this historic property offers 90 lodging units and 6 ground-floor commercial spaces within approximately 33,018 square feet on a 7,200 SF lot. Currently operating as the West Coast’s largest hostel, the property blends timeless character with functional, community-oriented amenities, including a commercial-grade kitchen, communal dining area, lounge, library, quiet study space, cashless laundry, and private storage lockers. The versatile unit mix and existing infrastructure create compelling potential for continued hospitality use or mission-driven affordable, veteran, or supportive housing. The six street-level commercial suites provide immediate, diversified income, generating more than $23,000 per month plus NNN reimbursements. Positioned in one of Seattle’s most connected urban corridors, the asset boasts exceptional Transit, Walk, and Bike Scores, with direct access to King Street Station, downtown employers, leading medical centers, Seattle University, Lumen Field, and T-Mobile Park. A truly distinctive Seattle offering with scale, income, history, and upside.

- A+ Location in a Coveted Seattle Corridor: American Hotel sits at the heart of the Chinatown-International District, offering high visibility, immediate transit access, and walking distance to stadiums, top attractions, and major employment centers.
- Exceptional Price Per-Unit: At under $90K per unit across 90 rooms, this is a rare chance to acquire affordable housing at a price point nearly impossible to replicate in Seattle's market.
- Turnkey for the Right Buyer: The layout, scale, and existing use make American Hotel a natural fit for a mission-driven operator in affordable, homeless, or veteran housing, with 90 units, shared and ensuite bathrooms, and commercial amenities already in place.
- Multiple Income Streams from Day One: Six ground-floor commercial spaces spanning 9,166 square feet generate over $23K in monthly revenue, delivering immediate, diversified cash flow.
- Built for Community: A commercial-grade kitchen, communal dining room, guest lounge, library, TV room, card-operated laundry, and private storage give residents everything they need and operators a plug-and-play infrastructure.

Property Facts

Sale Type	Investment	No. Rooms	90
Property Type	Hospitality	No. Stories	4
Property Subtype	Hostel	Year Built/Renovated	1925/2009
Building Class	C	Corridor	Interior
Lot Size	0.17 AC	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.
Building Size	33,018 SF
Zoning	IDM-75-85

Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hostel
Building Class	C
Lot Size	0.17 AC
Building Size	33,018 SF
No. Rooms	90
No. Stories	4
Year Built/Renovated	1925/2009
Corridor	Interior
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	IDM-75-85