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St Francis Motel 23905 Highway 99 30 Room Hotel Edmonds, WA 98026 $3,300,000 ($110,000/Room) 8.51% Cap Rate
Executive Summary
Exceptional High-Yield Investment Opportunity
Discover this high-performing hospitality business located in a prime Edmonds location.
Key Highlights:
1. Strong Financials: High cash flow with an impressive 8.51% Cap Rate.
2. Stable Income: Consistently high occupancy rate with a proven track record.
3. Strategic Location: Situated just off Highway 99, providing effortless access to I-5 and major regional transit corridors.
4. Future Value: Excellent potential for further value-add or long-term appreciation.
Don’t miss out on this prime investment in one of the most accessible areas of Edmonds.
Discover this high-performing hospitality business located in a prime Edmonds location.
Key Highlights:
1. Strong Financials: High cash flow with an impressive 8.51% Cap Rate.
2. Stable Income: Consistently high occupancy rate with a proven track record.
3. Strategic Location: Situated just off Highway 99, providing effortless access to I-5 and major regional transit corridors.
4. Future Value: Excellent potential for further value-add or long-term appreciation.
Don’t miss out on this prime investment in one of the most accessible areas of Edmonds.
Property Facts
| Price | $3,300,000 | Building Size | 12,077 SF |
| Price Per Room | $110,000 | No. Rooms | 30 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.51% | Year Built | 1950 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.24/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.74 AC | ||
| Zoning | CG, Edmonds | ||
| Price | $3,300,000 |
| Price Per Room | $110,000 |
| Sale Type | Investment |
| Cap Rate | 8.51% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 12,077 SF |
| No. Rooms | 30 |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| Parking Ratio | 2.24/1,000 SF |
| Corridor | Exterior |
| Zoning | CG, Edmonds |
Amenities
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 30 | $45.00 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 004519-002-016-02 | Improvements Assessment | $1,194,600 |
| Land Assessment | $1,696,100 | Total Assessment | $2,890,700 |
Property Taxes
Parcel Number
004519-002-016-02
Land Assessment
$1,696,100
Improvements Assessment
$1,194,600
Total Assessment
$2,890,700
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St Francis Motel | 23905 Highway 99
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