1581 Concord Ave - Hospitality FOR SALE


Concord, CA 94520- Concord/Pleasant Hill
$14,980,000 USD
818-851-3304
1581 Concord Ave, Concord, CA for Sale
$14,980,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1581 Concord Ave
Concord, CA 94520
Concord/Pleasant Hill


HIGHLIGHTS

  • 136 Units
  • First Time on the Market in 30 Years
  • Prime Bay Area Location offering Convenient Access to San Francisco, Oakland, Napa, and Silicon Valley
  • High-Visibility Location off California State Route 242, with 200,000 Vehicles Passing Daily
  • Less than a Mile from Six Flags Hurricane Harbor and Concord Medical Center
  • Absentee Corporate Ownership - Significant Opportunity for Revenue Growth

OVERVIEW

The Premier Inn is a 136-unit independent hotel located in Concord, CA, in the heart of the East Bay. Ideally situated just off California State Route 242, the property benefits from high visibility, with over 200,000 vehicles passing daily. It is conveniently close to numerous restaurants, Six Flags Hurricane Harbor, and Concord Medical Center. As the most populous city in Contra Costa County, Concord serves as a strategic hub for exploring the wider Bay Area, offering easy access to San Francisco, Oakland, Napa, and Silicon Valley. Currently owned and operated by long-time corporate owners based outside the area, the hotel presents a significant opportunity for new ownership to enhance revenue through updated sales and operational strategies. The property will be delivered unencumbered by brand, allowing for a variety of flag options. The San Francisco Bay Area is a global center of innovation and economic influence, home to major corporations such as Apple, Google, Meta, and Tesla, as well as thriving biotech and clean energy industries. With a GDP exceeding $1 trillion, the region attracts millions of visitors annually to renowned destinations like the Golden Gate Bridge, Alcatraz, and Napa Valley, further driving economic growth.

FOR SALE DETAILS

PRICE

$14,980,000 USD

PRICE/SF

$250 USD /SF

# OF ROOMS

136

PRICE/ROOM

$110,147 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Inn Concord

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

120

LAND DETAILS

LAND ACRES

3.33 AC

LAND SF

145,055 SF

ZONING

DB

APN/PARCEL ID

112-101-030-8

ASK ABOUT THIS PROPERTY

Steve PostAmber Hotel CompanyMore Info
818-851-3304

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Steve PostAmber Hotel CompanyMore Info
818-851-3304

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