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Georgetown Boutique Hotel Renovation Opportunity

7070 E Marginal Way, Seattle, WA 98108

For Sale
$1,200,000

21-room hotel in high-traffic location near I-5 and Alki Beach.

Property SizeContact for details
Days on Market565

Property Features for 7070 E Marginal Way

General Information

Standard status Active

Site & Location

Neighborhood South Park

Taxes and HOA fees

Annual Taxes $35,022

Building Details

Year Built 1919
Listing Agency: KELLER WILLIAMS RTY TACOMA
Listed By: GREG STOCK · License WA #114407
Source: Corcoran
Added: Apr 25, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 KELLER WILLIAMS RTY TACOMA

Rey
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Investment Insights

Based on property information with market context.

This property presents an opportunity to renovate a boutique hotel in Seattle's Georgetown neighborhood. The 21-room hotel is situated in a high-traffic location on E Marginal Way S, offering proximity to the freeway, specifically I-5, and Alki Beach. The surrounding area features breweries, restaurants, and nightlife. The building's tax assessment is $1,945,500.

Key Highlights

  • High‑traffic location on E Marginal Way S in Georgetown.
  • 21 rentable rooms.
  • Close proximity to I‑5 and Alki Beach.

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Hotels

Suggested Use

Top Pick Nail Salon Pharmacy Barber Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Hotel - 21-room hotel in high-traffic location near I-5 and Alki Beach.
Where is this hotel located?
The property is located at 7070 E Marginal Way Seattle, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑traffic location on E Marginal Way S in Georgetown.; 21 rentable rooms.; Close proximity to I‑5 and Alki Beach.
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