View Map All Properties • Page 1 of 1 View All Sort by Price Sort Alphabetical
« Back

6100 Corson Avenue S

Main image

6100 Corson Avenue S

6100 Corson Ave S, Seattle, WA 98108
Hotel/Motel For Sale Pending Cap Rate 9.5% Built 1992 3 floors Zoning: NC3-55 (M)
Asking Price
$7,300,000
Total Building22,452 SF
Available22,452 SF avail
Land27,996 SF land
MarketS. Seattle
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
306562
Listing ID
710626
Type
Hotel/Motel
Asset Class
Hotel/Motel
Zoning
NC3-55 (M)

Description

The Georgetown Inn at 6100 Corson Ave S presents a rare opportunity to acquire a well-established, income-producing hospitality asset in one of Seattle's most dynamic and supply-constrained submarkets. Primed for a straightforward value-add program and delivering a 9.5% proforma cap rate at $150 ADR, this turnkey asset offers the operational infrastructure and upside potential that serious hospitality investors demand.• 52-Room Versatile Unit Mix — 44 standard rooms, 6 kitchenettes for extended stays, and 2 premium suites., with 24 rooms already modernized and ready to drive immediate revenue• Strong Reputation — 9.0/10 Expedia.com rating and high Google Maps reviews, ensuring low customer acquisition costs and strong organic visibility• Value-Add Upside — A clear path to equalize ADR across all 52 keys by completing renovation of the remaining 28 units, with post-renovation ADR of $165–$175 pushing NOI above $700K• Prime Transit-Oriented Location — Positioned at the I-5 corridor (Exit 162) with direct access to Boeing Field, Downtown Seattle, and the Port, drawing a resilient mix of corporate, aviation, and leisure demand• Significant Land & Zoning Optionality — 28,000 SF lot with NC-55 zoning offers long-term redevelopment potential beyond hospitality use• Operational Advantages — Ample surface parking, fitness room, guest laundry, elevator, and full sprinkler system in a modernly constructed 1992 building• Barrier-to-Entry Submarket — Limited new hotel supply in Georgetown combined with a built-in referral network from neighboring businesses

Listing Courtesy of:

JT
James Tjoa
RE/MAX Metro Realty, Inc.
2312 Eastlake Ave E,
Seattle, WA 98102-3306
State: WA City: Seattle ZIP: 98108 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.