Prime Highway 2 Commercial Redevelopment Opportunity with Existing Income on .58 acres. Zoned General Commercial, this high-visibility property benefits from approximately 22,000 vehicles per day along the busy Highway 2 corridor, providing excellent exposure for future commercial uses. The site offers strong potential for redevelopment including retail, restaurant, office, or mixed-use projects. Currently operating as a 19-unit motel with weekly rentals, the property generates interim income while future plans are developed. Utilities are already on site and the larger parcel size offers flexibility for redevelopment, expansion, or repositioning. Conveniently located in Monroe along a major commuter and recreation route connecting Everett, Monroe, and Stevens Pass, with nearby shopping, dining, and services. Rare opportunity to acquire a larger commercial parcel with strong visibility, existing income, and long-term development potential. Pro Forma Financials indicate an estimated 13% CAP RATE based on projected stabilized operations.

Courtesy of NWMLS
Listing courtesy of Jen Bentz of Daily Realty Group LLC



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Last checked: 2026-05-04 02:23 AM PDT