205 Wave Dr - Hospitality FOR SALE


Shelter Cove, CA 95589
$6,250,000 USD
206-909-3314
205 Wave Dr, Shelter Cove, CA for Sale
$6,250,000 USD
Hospitality - FOR SALE
1/26
null | 7.86% Cap Rate

205 Wave Dr
Shelter Cove, CA 95589


HIGHLIGHTS

  • Rare Coastal Boutique Hotel on Waterfront in Humboldt County
  • All Guestrooms have Ocean Views
  • Luxurious Remodeled Penthouse Suite (1,800 SF) for Owner
  • Deluxe Spa Suites w/ Kitchenettes, In-Room Spa Tubs & Saunas
  • Two (2) Leased Sources of Income - Bistro-Style Coffee Shop & Pizza/Bakery
  • Major Capital Improvements Annually Since 2017

OVERVIEW

Perched high on a cliff overlooking the dramatic, rugged Pacific Coastline's crashing surf, the Inn of the Lost Coast is a casual secluded Inn on Californias renowned "Lost Coast." All Guestrooms have balconies or patios with Ocean Views plus Suites offer kitchenettes, in-room spa tubs, saunas, private decks and gas fireplaces. In addition to a luxurious Penthouse Suite, there is an Event/Meeting Room, two (2) leased income sources on site -- a bistro-style coffee shop and a pizza/bakery that provides choices for Guests and additional stable income for Owner year around. Owner has meticulous books & records to satisfy the most discriminating Buyer.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$313 USD /SF

# OF ROOMS

19

PRICE/ROOM

$328,947 {currency}

CAP RATE

7.86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Inn Of The Lost Coast

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1971

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,043 SF

ZONING

CR-Q-AP-A-D

APN/PARCEL ID

109-361-048-000

ASK ABOUT THIS PROPERTY

Mark PeizerPeizer Commercial Real Estate, LLCMore Info
206-909-3314

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Mark PeizerPeizer Commercial Real Estate, LLCMore Info
206-909-3314

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