1013 Front St - Hospitality FOR SALE


Soledad, CA 93960
$7,500,000 USD
831-594-3290
1013 Front St, Soledad, CA for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/65
null | 4.66% Cap Rate

1013 Front St
Soledad, CA 93960


HIGHLIGHTS

  • Situated in the heart of Soledad, offering easy access to local attractions.
  • Proximity to Pinnacles National Park: Attracts tourists year-round.
  • Consistent Occupancy Rates: Due to its strategic location.
  • Affordable Acquisition Cost: Compared to similar properties in California
  • Potential for Expansion: Space available for adding amenities
  • Established Clientele: Regular guests and positive reviews

OVERVIEW

Strategic Location with Growth Potential - The Soledad Motel 8 is strategically situated at 1013 Front Street, placing it at the heart of Soledad’s downtown corridor. This prime location offers easy access to major highways, local attractions, and the upcoming Soledad Container Village project, which aims to stimulate economic growth and create new jobs. The motel’s proximity to Pinnacles National Park and numerous vineyards enhances its appeal to tourists, ensuring a steady flow of guests year-round. Established Operations with Room for Growth - With 60 well-maintained rooms, the Soledad Motel 8 offers a turnkey operation for investors. The property includes essential amenities such as free parking, pet-friendly accommodations, and multilingual staff. Its established online presence on major booking platforms ensures consistent occupancy rates. Additionally, the motel’s operational efficiency allows for potential expansion or enhancement of services to increase revenue streams.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$318 USD /SF

# OF ROOMS

58

PRICE/ROOM

$129,310 {currency}

CAP RATE

4.66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Soledad Motel 8

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1991

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

H-C

APN/PARCEL ID

022-223-025-000

ASK ABOUT THIS PROPERTY

Jeff DaviKW CommercialMore Info
831-594-3290

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Jeff DaviKW CommercialMore Info
831-594-3290

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