1206 Main St - Hospitality FOR SALE


Morro Bay, CA 93442
$6,250,000 USD
805-704-0334
1206 Main St, Morro Bay, CA for Sale
$6,250,000 USD
Hospitality - FOR SALE
1/34
null | Request Cap Rate

1206 Main St
Morro Bay, CA 93442


HIGHLIGHTS

  • Turn Key Coastal Hotel
  • Adjacent Single Family Home included in sale

OVERVIEW

EVERLYGROVE HOTEL BROKERS is pleased to announce the opportunity to acquire the fee-simple interest in the Masterpiece Hotel in Morro Bay, CA. Within a thriving San Luis Obispo coastal locale with many attractions, the 29-key, 16,247 square foot hotel is established on 0.40 acres in San Luis Obispo County, California. An adjacent 1,754 square foot single family home (SFH), that is now zoned community commercial, which would allow for a mix of hotel rooms and an onsite unit, established on 0.34 acres is also included in the offering. Please contact broker to make an appointment, do not go to property unannounced.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$347 USD /SF

# OF ROOMS

29

PRICE/ROOM

$215,517 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Masterpiece Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C1

APN/PARCEL ID

066-312-015,066-312-017

ASK ABOUT THIS PROPERTY

Aaron GravesEverlyGrove Hotel BrokersMore Info
805-704-0334

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Aaron GravesEverlyGrove Hotel BrokersMore Info
805-704-0334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.