8421 Evergreen Way Everett, WA 98208
- Hotels
- 19,872 SF
- 0.97 lot acres
Current Use by Public Records
- Sunrise Inn Everett / Hotel / Extended Stay Hotel
Property Details for 8421 Evergreen Way
- Year built
- 1981
- Construction
- WOOD
- Lot size
- 0.97 lot acres
- Property size
- 19,872 SF
- Zone code
- C-1
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 28051800201300
- APU
- 28051800201300
Description
The Sunrise Inn, a 66-unit motel located at 8421 Evergreen Way, Everett, WA 98208, presents a compelling investment opportunity. This two-story property, situated on a 42,253 square foot lot in Snohomish County (APN 28051800201300), offers 19,872 square feet of building space. Built in 1981, the motel boasts a strong performance history, generating gross sales of $1,065,553 in 2023. This fee-simple property is priced at $6,700,000 and is ideally positioned in Everett, Washington, a city with significant growth potential. The property's established revenue stream and prime location make it an attractive asset for investors seeking a strong return on investment in the hospitality sector. The Sunrise Inn represents a chance to acquire a well-established business with a proven track record of success in a desirable market. This is a rare opportunity to own a substantial motel in a thriving area with excellent potential for future growth and profitability. Detailed financial information is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Snohomish
- State
- Washington
- Longitude
- -122.228
- Latitude
- 47.9202
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
