Georgetown Inn Hospitality
For Sale
$7,300,000
Pending
6100 Corson Ave S, Seattle, WA 98108
Established Seattle Inn with value-add potential and strong reputation.
Property Size22,452 SF
Days on Market160
Property Features for 6100 Corson Ave S
General Information
Standard status
Pending
Size
22,452 SF
Property subtype
Commercial
Building Details
Year Built
1992
Listing Agency:
RE/MAX METRO REALTY, INC.
Listed By:
JAMES TJOA · License #8112
(206) 726-6230
Source:
Corcoran
Added: Mar 31
Changed: Aug 8
Last Checked: Jul 23 at 7:32AM
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 RE/MAX METRO REALTY, INC.
Investment Insights
Based on property information with market context.
The Georgetown Inn at 6100 Corson Ave S is a hospitality asset offering a potential acquisition opportunity. The property features a versatile unit mix of 52 rooms, including 44 standard rooms, 6 kitchenettes suitable for extended stays, and 2 premium suites. 24 of the rooms have already been modernized. The property has a strong reputation, with a 9.0/10 rating on Expedia.com and high Google Maps reviews. The property totals 22452 square feet. The property is positioned for a value-add program and delivering a 9.5% proforma cap rate at $150 ADR.
Key Highlights
- High Proforma Cap Rate: 9.5% proforma cap rate at $150 ADR indicates strong income potential.
- Turnkey Asset: Ready for immediate operation with existing infrastructure.
- Strong Reputation: 9.0/10 Expedia.com rating and high Google Maps reviews.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 98108, WA
25,009
Population
9,096
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
83%
High-School Grad
7.4 sq mi
ZIP Area
3,380
Density / Sq Mi
$90,806
Median Household Income
$48,703
Median Earnings
$1,463
Median Rent
$693,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Established Seattle Inn with value-add potential and strong reputation.
Where is this hotel located?
The property is located at 6100 Corson Ave S Seattle, WA.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: High Proforma Cap Rate: 9.5% proforma cap rate at $150 ADR indicates strong income potential.; Turnkey Asset: Ready for immediate operation with existing infrastructure.; Strong Reputation: 9.0/10 Expedia.com rating and high Google Maps reviews.
