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Off Market
1/9

525 Union Ave
Bakersfield, CA 93307


HIGHLIGHTS

  • 50-Room, Two-Story, Exterior Corridor Hotel
  • Priced Below Replacement Cost at $42,000 Per Key
  • Located 2.5 Miles from Bakersfield Municipal Airport
  • Property Includes Manager’s Quarters Containing Four Beds, Three Baths, Two Living Rooms, and a Kitchen
  • Offers Significant Upside to Increase Room Revenue to be Competitive with the Market
  • Fee Simple, Unencumbered by a Management Contract and Debt

OVERVIEW

Property Overview: The La Mirage Motel Bakersfield is an independent hotel that includes guest room amenities such as a refrigerator, microwave, television, and select rooms include a kitchen. The exterior corridor hotel includes a lobby, laundry facility, courtyard, four storage rooms, and on-site parking in the common areas. There is also a manager’s quarters on-site that is comprised of four beds, three baths, two living rooms, and a kitchen. Location Overview: Bakersfield, California is located in the west-central part of the state and two hours north of Los Angeles. This city has diverse industries which include healthcare, education, and leisure recreation. Combined these all generate significant room demand in the region. The La Mirage Bakersfield is located at 525 Union Avenue and nearby these diverse market demand generators. The Mercy Hospital Downtown (2.4 miles) and Mercy Hospital Southwest (7.4 miles) which combined offer more than 200 beds facility. Year-round the facilities treat inpatient and outpatient services and have been caring for the community for more than 100 years. California State University, Bakersfield (6.6 miles) is an additional room demand generator in the region. The university offers over 50-degree programs and has over 85 student clubs and organizations. The student's enrollment is approximately 11,000 with over 1,200 faculty and staff. There are scholastic and sporting events throughout the year. The Historic Bakersfield Fox Theater (2.3 miles) is a sought-after venue for leisure travelers. The venue has a calendar of performance events and offers private venue rentals as well. Another popular attraction is the Kern County Museum (2.8 miles) and hosts private events as well as exhibits. Travelers are able to visit Valley Plaza (3.7 miles), retailers, and multiple restaurants within the region. The Bakersfield Municipal Airport (2.5 miles) is 200 acres and is classified as a General Aviation Airport for public use.

FOR SALE DETAILS

PRICE

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# OF ROOMS

-

CAP RATE

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BUILDING DETAILS

PROPERTY NAME

La Mirage Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

16127

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

35

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

009-472-01-00-7