101 128th St SE - Hospitality FOR SALE


Everett, WA 98208- Silver Lake
$9,390,000 USD
425-399-7346
101 128th St SE, Everett, WA for Sale
$9,390,000 USD
Hospitality - FOR SALE
1/21
null | 8.37% Cap Rate

101 128th St SE
Everett, WA 98208
Silver Lake


HIGHLIGHTS

  • 1.46 Acer lot with prime positioning directly off I-5 at Exit 186 for seamless accessibility across and visibility to over 44,700 vehicles daily.
  • Turnkey cashflow from a national hospitality brand with a 4-star Google rating, located in a growing market with over $10.7B in annual spending.
  • Located less than 4 miles from Seattle Paine Field International Airport and in proximity to numerous retailers, amenities, and military bases.
  • Recent 2025 renovation, including the PIP, enhance operational efficiency while minimizing near-term capital expenditures for a new owner.

OVERVIEW

Seller just dropped the price!! PIP completed recently: A premier hospitality investment opportunity in one of the Puget Sound region's fastest-growing markets. Strategically located at 101 128th Street Southeast in Everett, Washington, this property is situated directly off Interstate 5 at Exit 186. This hotel is a 48,584-square-foot building with 82 rooms, including 22 standard rooms and 60 suites, positioned on 1.46 acres with ample parking. Recent 2025 renovations, including the Property Improvement Plan (PIP), enhance operational efficiency while minimizing cost for a new owner. Exceptional accessibility, strong daily exposure exceeding 44,700 vehicles, and proximity to regional demand drivers further enhance the property. Contact the listing agents for a showing; do not talk to employees regarding the sale. 2025 & 2026 P&L are available upon request after signing the confidential agreement

FOR SALE DETAILS

PRICE

$9,390,000 USD

PRICE/SF

$193 USD /SF

# OF ROOMS

82

PRICE/ROOM

$114,512 {currency}

CAP RATE

8.37%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Everett

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1969

PARKING SPACES

97

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,689 SF

ZONING

FS, Everett

APN/PARCEL ID

280425-004-007-00

ASK ABOUT THIS PROPERTY

Chong LeeGenesis RealtyMore Info
425-399-7346

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Chong LeeGenesis RealtyMore Info
425-399-7346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.