8292 Murray Ave - Hospitality FOR SALE


Gilroy, CA 95020
$8,950,000 USD
831-566-2732
8292 Murray Ave, Gilroy, CA for Sale
$8,950,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

8292 Murray Ave
Gilroy, CA 95020


HIGHLIGHTS

  • High Visibility Location in Gilroy near 101
  • 67 Recently Renovated Rooms + Manager Apartment
  • Underperforming Property with huge upside- Room Revenue is up over $50K YTD 2024 through July.

OVERVIEW

Recently renovated 67-unit Days Inn motel with great visibility and easy access from highway 101. Located near the Outlets and all major Gilroy shopping areas. Huge lot of over 1.5 acres with parking for truckers. Swimming pool and spa. Recently painted in and out. Recent window replacement and a refreshing of the parking lot. All rooms have had the bathrooms and flooring refurbished to Days Inn standards. Room revenue is up over $100K YTD 2024 through October.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$341 USD /SF

# OF ROOMS

64

PRICE/ROOM

$139,844 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn Gilroy

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

CM, Gilroy

APN/PARCEL ID

841-59-018

ASK ABOUT THIS PROPERTY

Chris MitchellMitchell PropertiesMore Info
831-566-2732

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Chris MitchellMitchell PropertiesMore Info
831-566-2732

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