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755 Marine Dr 28 Room Hotel Point Roberts, WA 98281 $3,995,000 ($142,679/Room)
Investment Highlights
- Rare 4.32-acre waterfront development opportunity
- Existing approximately 20,000+ SF former cannery structure
- Direct beach access
- Approximately 369 feet of waterfront
- Rare Waterfront Entitlement 38 feet from high tide mark
Executive Summary
755 Marine Drive presents a rare waterfront redevelopment opportunity in Point Roberts, Washington, encompassing approximately 4.32 acres with nearly 369 feet of shoreline frontage. The property includes an existing 20,216-square-foot former cannery building, offering a foundation for adaptive reuse or comprehensive redevelopment. Zoned Resort Commercial, the site supports a variety of hospitality, commercial, residential, and mixed-use concepts, subject to applicable approvals. Its waterfront setting provides direct beach access, expansive ocean views, and a unique coastal environment that is increasingly difficult to replicate in the Pacific Northwest. Previous development concepts envisioned a resort and spa destination, demonstrating the site's capacity for larger-scale hospitality-oriented projects. Located within convenient reach of Vancouver, B.C., Bellingham, and the greater Seattle region, the property offers a compelling opportunity for investors, developers, and hospitality operators seeking a distinctive waterfront asset.
Property Facts
| Price | $3,995,000 | Lot Size | 4.32 AC |
| Price Per Room | $142,679 | Building Size | 20,216 SF |
| Sale Type | Investment | No. Rooms | 28 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1901 |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Zoning | RC - Resort Commercial | ||
| Price | $3,995,000 |
| Price Per Room | $142,679 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.32 AC |
| Building Size | 20,216 SF |
| No. Rooms | 28 |
| No. Stories | 2 |
| Year Built | 1901 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | RC - Resort Commercial |
Amenities
- Restaurant
- Spa
- On-Site Bar
- Beach (direct access)
- Meeting Event Space
- Wedding Venue
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 28 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 405309-497335-0000 | Improvements Assessment | $969,558 |
| Land Assessment | $2,364,963 | Total Assessment | $3,334,521 |
Property Taxes
Parcel Number
405309-497335-0000
Land Assessment
$2,364,963
Improvements Assessment
$969,558
Total Assessment
$3,334,521
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