12900 Soda Lake Rd - Hospitality FOR SALE


Santa Margarita, CA 93453
$2,300,000 USD
805-610-3594
12900 Soda Lake Rd, Santa Margarita, CA for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/45
null | Request Cap Rate

12900 Soda Lake Rd
Santa Margarita, CA 93453


HIGHLIGHTS

  • Own the Town !
  • located 1.3± miles south of Hwy 58 on both sides of Soda Lake Road

OVERVIEW

"Own the Town " Here’s your chance to own the only commercial site and facilities in the entire Carrizo Plains. The town consists of 8.7± acres of commercial land and 31± acres of Ag land surrounding the commercial site. Soda Lake City in California Valley is located 1.3± miles south of Hwy 58 on both sides of Soda Lake Road. Soda Lake Rd crosses Hwy 58 at a point, which is 47± miles east of Hwy 101 and 45± miles west of Hwy 5 and is more than 40 miles away from any town or commercial services. This commercial site consists of a 20-unit Lodge/Motel with a one-bedroom manager's apartment for a total of (7,500± sq. ft.), a restaurant, and store, (5,000 SF) and a service station (1,500± sq. ft.). All of these Buildings are operational. Included in the sale are two (never used) uninstalled Prefab Fast Food Restaurant buildings purchased in 2002, for $ 750,000.00 each. The town was completed in the early 1970’s along with the subdividing of 25,000± acres next to the town offering 7,500 -2.5± acre residential parcels. All of the town's buildings have been totally remodeled and updated to county health and fire department codes at a cost of more than $1,200,000.00 in 2011, along with additional upgrades. The well that serves the town is 500± ft. deep and produces approximately 500 gpm of drinking water.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$210 USD /SF

# OF ROOMS

20

PRICE/ROOM

$115,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

California Valley Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1963

PARKING SPACES

15

LAND DETAILS

LAND ACRES

7.87 AC

LAND SF

342,793 SF

ZONING

CR

APN/PARCEL ID

072-141-021

ASK ABOUT THIS PROPERTY

Sheri ParrishCountry Real EstateMore Info
805-610-3594

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Sheri ParrishCountry Real EstateMore Info
805-610-3594

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