3006 Commercial Avenue, Anacortes, WA 98221

$3,999,900

Listing courtesy of Real Estate 2000 Inc..

List Price
$3,999,900
Status
ACTIVE
MLS#
1878308
Days on Market
33

Property Description

Awesome 44 Room Motel In Downtown Anacortes. 33 Doubles and 11 Singles. Outdoor Pool. Walk To Restaurants, Shops and Marina. $857,587 Proforma Gross Income. $411,390 Proforma Net Operating Income. 10.02% Cap Rate! Don't Miss Out On This Opportunity To Own A Great Motel In Excellent Condition Throughout!

Additional Information

Community
Anacortes
Style
64 - Hotel/Motel
Year Built
1975
Driving Directions
Get on I-5 N in from WA-531 E/172nd St NE Follow I-5 N to State Rte 20 W/WA-20 W/Avon Cutoff in Burlington. Take exit 230 from I-5 N Continue on State Rte 20 W/WA-20 W. Drive to Commercial Ave
Other Expenses
446197
Net Operating Income
$411,390
Gross Scheduled Income
$857,587
Cap Rate
10
Total Expenses
$446,197
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