Motel For Sale
2,644 Sq Ft
Hillside Motel + 7 Unit Motel Building in Highly Desirable Queen Anne Neighborhood. Motel - 3,182 SQFT | 7-Plex - 3,582 SQFT | 19,723 SQFT Lot. New MHA Zoning: C1-55 (M) | 3.75 FAR allows for flexible redevelopment options including Multi-Family, Office, Retail, Hotel, Industrial, Etc. Value-Add Opportunity for an investor interested increasing gross revenue through renovations, and reducing expenses through better management. Located in Queen Anne, high visibility location with 229' of Frontage off I-99. NOI: $231,485 | Actual Cap Rate: 8.17% with a lot of upside potential!