North Bend Development
For Sale
$4,250,000
43200 SE North Bend Way, North Bend, WA 98045
Commercial lot with development potential and existing cash flow.
Property SizeContact for details
Lot Size1.35 Acres
Days on Market168
Property Features for 43200 SE North Bend Way
General Information
Standard status
Active
Lot size
1.35 Acres
Property subtype
Hospitality
Listing Agency:
NAI Puget Sound Properties
(425) 586-5610
Listed By:
Jeff Forsberg, CCIM
Source:
Nai-psp
Added: Mar 6
Changed: Aug 15
Last Checked: Aug 20 at 4:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This property presents an opportunity for investors, developers, or special interest groups to acquire a 58,806 square foot commercial lot suitable for development or long-term holding. Currently operating as the Mt Si Motel, the property provides existing cash flow. The site is zoned NB, allowing for construction of up to three stories with a height limit of 35 feet. The property is located in North Bend, one of the fastest-growing small towns in King County, experiencing rapid increases in population, household incomes, and housing values. The location offers proximity to recreational attractions, situated approximately one-half mile from the Little Si Trailhead and two miles from the Mt Si trailhead. Downtown North Bend and I-90 are each located one mile from the property. The motel features remodeled rooms and views of Mt Si. The property's low overhead management structure supports nightly, weekly, and monthly rental options. The 2021 property taxes were $8,762.25.
Key Highlights
- Large 58,806 sq ft commercial lot ideal for development or holding.
- Fully functioning Mt Si Motel provides immediate cash flow.
- Located in rapidly growing North Bend, close to major recreational attractions (Mt. Si and Little Si trailheads).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98045, WA
15,749
Population
5,871
Households
2.7
Avg Household Size
41
Median Age
52%
College-Educated
96%
High-School Grad
172.3 sq mi
ZIP Area
91
Density / Sq Mi
$161,897
Median Household Income
$75,450
Median Earnings
$2,153
Median Rent
$845,700
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Mt Si Motel — 43200 SE N Bend Way, North Bend, WA 98045
Frequently Asked Questions
What type of property is this?
Motel - Commercial lot with development potential and existing cash flow.
Where is this motel located?
The property is located at 43200 SE North Bend Way North Bend, WA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Large 58,806 sq ft commercial lot ideal for development or holding.; Fully functioning Mt Si Motel provides immediate cash flow.; Located in rapidly growing North Bend, close to major recreational attractions (Mt. Si and Little Si trailheads).
