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FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
111 Room Hotel Site in Issaquah Highlands, next to Grand Ridge Plaza
Issaquah, Washington
133
PUBLISHED RESERVE: $1,800,000
LAST ASKING: $3,000,000
SIZE: 53,976± square foot site
ZONING: Urban Village District
PROPERTY INSPECTION: At Any Time
FINANCING: Subject to Seller’s approval of Purchaser’s credit: A 30%down payment with the balance
secured by a first deed of trust, amortized over 25 years at 6% interest, calling for monthly payments
of principal and interest; all due and payable at the end of 2 years.
DESCRIPTION: This hotel development site is located at the corner of 10thAvenueN.E. and Falls Drive,
next to Grand Ridge Plaza, the only major retail center in Issaquah Highlands. Grand Ridge Plaza is
anchored by Safeway, Regal Cinemas, Marshall’s and Dick’s Sporting Goods. Issaquah Highlands is
a 2,200± acre master-plan community 18 miles east of Seattle, along I-90. When complete, Issaquah
Highlands is projected to contain 3,250 residential units, 2.9 million square feet of commercial use, and
425,000 square feet of retail.
Swedish Medical Center, with both hospital and medical office complex, is located at Issaquah
Highlands. Bellevue College is building a new campus on a 20± acre site near-by. A 63± acre site next
to Swedish Medical Center, originally purchased by Microsoft, was sold to a Seattle developer in 2013
for a mixed-use project, with both multi-family and commercial uses.
The hotel site had been approved with permits for a 111 room, five-story Residence Inn by Marriott.
The room mix in the proposed extended-stay hotel was: 57 studio rooms, 30 one-bedroom suites, and
24 two-bedroom suites, with garage parking for 83 vehicles, plus 16 on-site, and 12 on the street. The
Motor Court Reception and garage entrance is from 10th Avenue N.E.
The seller has invested $750,000 in site preparation, including construction of a foundation wall to be
used in development of the hotel.
I-90
9th Avenue NE
Grand Ridge
Plaza
10th Ave NE
Seattle
Dicks Sporting
Goods
NE Falls Drive
Safeway
Lake Sammamish
N
Marshalls
Regal Cinemas
Hotel Site
