1526 W Foothill Blvd - Hospitality FOR SALE


Rialto, CA 92376
$2,015,000 USD
310-525-3704
1526 W Foothill Blvd, Rialto, CA for Sale
$2,015,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

1526 W Foothill Blvd
Rialto, CA 92376


HIGHLIGHTS

  • High daily traffic on Route 66
  • Walking distance to major retail centers
  • Rapidly growing population
  • 9.7 miles from San Bernardino International Airport (SBD)
  • Value-add opportunity

OVERVIEW

BRC Advisors – BH is pleased to present the Route 66 Motel, an independent motel located in Rialto, San Bernardino. This offering presents a unique opportunity to acquire a well-positioned, independently operated hospitality asset in a rapidly growing area of San Bernardino County. The motel features 13 guestrooms, including a 2-bedroom manager’s unit. Two of the rooms are set to be completely renovated. Guestroom amenities include flat-screen TVs with cable channels, air conditioning, workstations, private bathrooms, microwaves, refrigerators, free wireless internet access, and complimentary private parking. The property is within walking distance of the Renaissance Center and primary retail strips. It is also just 2 miles from downtown Rialto and the Renaissance Marketplace. Rialto is centrally located in the Inland Empire, one of the nation’s fastest-growing regions in terms of both population and economic development, with a 42% population increase within a 5-mile radius from 2010 to 2020. The city is experiencing robust industrial and healthcare development.

FOR SALE DETAILS

PRICE

$2,015,000 USD

PRICE/SF

$656 USD /SF

# OF ROOMS

13

PRICE/ROOM

$155,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Route 66 Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1938

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

CR3

APN/PARCEL ID

0243-161-03

ASK ABOUT THIS PROPERTY

Ramtin RafieeBRC Advisors - BH, Inc.More Info
310-525-3704

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Ramtin RafieeBRC Advisors - BH, Inc.More Info
310-525-3704

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