23905 Highway 99 - Hospitality FOR SALE


Edmonds, WA 98026
$3,300,000 USD
425-240-1617
23905 Highway 99, Edmonds, WA for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/13
null | 8.51% Cap Rate

23905 Highway 99
Edmonds, WA 98026


OVERVIEW

Exceptional High-Yield Investment Opportunity Discover this high-performing hospitality business located in a prime Edmonds location. Key Highlights: 1. Strong Financials: High cash flow with an impressive 8.51% Cap Rate. 2. Stable Income: Consistently high occupancy rate with a proven track record. 3. Strategic Location: Situated just off Highway 99, providing effortless access to I-5 and major regional transit corridors. 4. Future Value: Excellent potential for further value-add or long-term appreciation. Don’t miss out on this prime investment in one of the most accessible areas of Edmonds.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$273 USD /SF

# OF ROOMS

30

PRICE/ROOM

$110,000 {currency}

CAP RATE

8.51%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St Francis Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

CG, Edmonds

APN/PARCEL ID

004519-002-016-02

ASK ABOUT THIS PROPERTY

Scott LeeBest Choice RealtyMore Info
425-240-1617

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Scott LeeBest Choice RealtyMore Info
425-240-1617

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