16526 Aurora Ave N - Hospitality FOR SALE


Shoreline, WA 98133
$2,300,000 USD
206-805-2467
16526 Aurora Ave N, Shoreline, WA for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/9
null | 10.68% Cap Rate

16526 Aurora Ave N
Shoreline, WA 98133


HIGHLIGHTS

  • 10% stabilized cap rate
  • 22,341 SF (0.51 acre) Mixed Business (MB) zoned site with redevelopment potential
  • 165th & I-99 in Shoreline - Assemblage Opportunity (~1.59 acres)

OVERVIEW

Delivered vacant, this 22-room motel near the intersection of 165th & Aurora Avenue / I-99 in Shoreline presents an attractive value-add opportunity for experienced hospitality investors.  The site also offers the option for upside through redevelopment as a 22,341 SF (0.51 acre) development site with flexible Mixed Business (MB) zoning and potential to redevelop for residential or commercial use.  Note assemblage opportunity with adjacent parcels.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$595 USD /SF

# OF ROOMS

19

PRICE/ROOM

$121,053 {currency}

CAP RATE

10.68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maywood Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

MB, Shoreline

APN/PARCEL ID

525430-0015

ASK ABOUT THIS PROPERTY

Ben WhartonHeartland LLCMore Info
206-805-2467

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Ben WhartonHeartland LLCMore Info
206-805-2467

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