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.