295 N E St - Hospitality FOR SALE


San Bernardino, CA 92401- Downtown San Bernardino
$15,000,000 USD
404-903-3538
295 N E St, San Bernardino, CA for Sale
$15,000,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

295 N E St
San Bernardino, CA 92401
Downtown San Bernardino


HIGHLIGHTS

  • This former national flag hotel comprises 232 rooms and includes a restaurant, bar, laundry room, drying cleaning, and other amenities.
  • The property presents a significant opportunity to rebrand as a new hotel, a hospital, multifamily apartments, or an assisted living community.
  • The building spans 12 stories with beautiful views of the San Bernardino Mountains and is attached to a conference center leased from the city.
  • Within minutes of the Inland Center mall, household name restaurants, and lush parks including Meadowbrook Park and Seccombe Lake Rec Area.

OVERVIEW

This incredible opportunity provides a former hotel and conference facility with versatile reuse potential and a prime location at the heart of San Bernardino, California at 295 N East Street. Comprising a total of 102,000 square feet, this hospitality property spans a total of 232 rooms and has been out of operation since 2008. The 12-story property boasts wall-to-wall windows with beautiful views of the San Bernardino Mountains. Formerly operating under several national flags, there is significant upside to rebrand the property as a new hotel, hospital, multifamily apartment community, or assisted living facility. The interiors are mostly intact, offering a restaurant, bar, laundry room, dry cleaning, and other amenities. A large convention center is attached to the property that is leased from the city. Positioned at the heart of Downtown San Bernardino, 295 N East Street sits within walking distance of local government institutions, shopping and dining amenities, and beautiful outdoor spaces. Within five minutes, guests and tenants can enjoy 110 upscale brands at the Inland Center mall, as well as nearby locations for Starbucks, Del Taco, In-N-Out Burger, Jack in the Box, and Panda Express. The surrounding area offers best-in-class recreation and entertainment at the California Theatre of the Performing Arts, the Orange Show Speedway, and the Meadowbrook Park and Seccombe Lake Recreation Areas.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$147 USD /SF

# OF ROOMS

230

PRICE/ROOM

$65,217 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Bernardino Hotel & Conference

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

12

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

-

APN/PARCEL ID

0134-311-49

ASK ABOUT THIS PROPERTY

Khurram SaleemEast Coast Real Estate LLCMore Info
404-903-3538

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Khurram SaleemEast Coast Real Estate LLCMore Info
404-903-3538

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