$1,500,000
Est. $7,609/mo19930 State Route 2, Monroe, WA 98272
• Listed 2026-03-26•63 days on market
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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.
Listed by Jen Bentz • Daily Realty Group LLC
Listing updated: March 27, 2026 at 02:49pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2497688
Open houses
No upcoming open houses scheduled for this property.
3 recent nearby sales, priced between $2K and $285K.
$250,000Last sold price
18621 Blueberry Lane #a104, Monroe, WA 98272
$285,000Last sold price
16409 Currie Road Se #102, Monroe, WA 98272
$1,600Last sold price
26015 166th Street Se #b, Monroe, WA 98272
$9,109 per month
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Monroe is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 23 days.
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Ask a RexMont agentMarket data via RentCast · Updated May 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
