2529 Sierra Hwy - Hospitality FOR SALE


Rosamond, CA 93560
$2,600,000 USD
310-699-7804
2529 Sierra Hwy, Rosamond, CA for Sale
$2,600,000 USD
Hospitality - FOR SALE
1/20
null | 7% Cap Rate

2529 Sierra Hwy
Rosamond, CA 93560


HIGHLIGHTS

  • Low barrier to entry into the hospitality business
  • Value add opportunity
  • Amenities within a short drive

OVERVIEW

2529 Sierra Hwy, otherwise known as Carl's Motel, is an excellent opportunity to add to your hotel portfolio or to get started in the hotel business. The property consists of 23 rooms and a 3 bedroom manager unit. This is an ideal location for affordable or subsidized housing. Very accessible to Edwards Airforce Base and Willow Springs International Speedway. Willow Springs is currently for sale and an astute buyer of this property could make arrangements with new ownership of the track for them to promote this property to track customers who need a hotel room close to the track. Room interiors have been updated and the exterior is waiting for a new owner to decide how they want to update. Motivated Seller. Contact Joe La Croix to discuss.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$234 USD /SF

# OF ROOMS

23

PRICE/ROOM

$113,043 {currency}

CAP RATE

7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carl's Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

C-2

APN/PARCEL ID

258-072-07-00-5

ASK ABOUT THIS PROPERTY

Joe LaCroixKW Commercial Beverly HillsMore Info
310-699-7804

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Joe LaCroixKW Commercial Beverly HillsMore Info
310-699-7804

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