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8421 Evergreen Way Everett, WA 98208

66-Unit Motel, High Revenue Potential

Overview

Added:
Dec 11, 2024
Days on market:
138
The Sunrise Inn, a 66-unit motel located at 8421 Evergreen Way, Everett, WA 98208, presents a compelling investment opportunity. This two-story property, situated on a 42,253 square foot lot in Snohomish County (APN 28051800201300), offers 19,872 square feet of building space. Built in 1981, the motel boasts a strong performance history, generating gross sales of $1,065,553 in 2023. This fee-simple property is priced at $6,700,000 and is ideally positioned in Everett, Washington, a city with significant growth potential. The property's established revenue stream and prime location make it an attractive asset for investors seeking a strong return on investment in the hospitality sector. The Sunrise Inn represents a chance to acquire a well-established business with a proven track record of success in a desirable market. This is a rare opportunity to own a substantial motel in a thriving area with excellent potential for future growth and profitability. Detailed financial information is available upon request.

Highlights

  • 66-unit motel in Everett, WA.
  • Located on a 42,253 sq ft lot (APN 28051800201300).
  • 19,872 sq ft building, two-story construction.
  • Built in 1981, generating $1,065,553 gross sales in 2023.
  • Fee-simple ownership, priced at $6,700,000.

Property Details for 8421 Evergreen Way

Property type
Hospitality properties, Motels
Stories
2

Location Insight

City
Everett
County
Snohomish
State
Washington
Latitude
47.920214
Longitude
-122.2279391

FAQs

What type of property is this?
Hospitality property - 66-Unit Motel, High Revenue Potential
Where is the hospitality property located?
The property is located at 8421 Evergreen Way Everett, WA.
What are key features of this property?
This property features: 66-unit motel in Everett, WA.; Located on a 42,253 sq ft lot (APN 28051800201300).; 19,872 sq ft building, two-story construction.
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8421 Evergreen Way
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