831 N China Lake Blvd - Hospitality FOR SALE


Ridgecrest, CA 93555
$1,680,000 USD
818-334-2111
831 N China Lake Blvd, Ridgecrest, CA for Sale
$1,680,000 USD
Hospitality - FOR SALE
1/37
null | 8.89% Cap Rate

831 N China Lake Blvd
Ridgecrest, CA 93555


HIGHLIGHTS

  • Absentee run Hotel with significant upside for owner/operate to lease or buy

OVERVIEW

Rad Hospitality Group presents the exceptional Hotel opportunity with operational upside for sale or lease: ***Seller financing is available *** *Situated somewhat to the north of the downtown area, the Howard Johnson hotel offers a remarkable investment opportunity. With its excellent position, it provides easy access to several notable landmarks, encompassing Town City Hall. Additionally, it is well located close to a number of important landmarks, such as the picturesque China Lake Golf Course, the Death Valley Tourist Center, the China Lake Naval Air Weapons Station, the Kerr McGee Community Center, and the Desert Empire Fairgrounds. The famous Death V Alley National Park and the Red Rock Canyon State Park. This property has 23 cozy guest rooms as well as living quarters with two bedrooms, a fully equipped kitchen, a cozy living area, and a shared bathroom. A typical apartment also has a completely furnished kitchen, a comfortable living area, one bedroom, and one bathroom. The motel has a two-story external corridor architecture that evokes 1949. It also has a restaurant and extra fee-simple property. *This Howard Johnson Motel has been upgraded with recent renovations. * It consists of a restaurant and extra fee-simple land to build residential dwelling This Howard Johnson Motel has undergone an upgrade, guaranteeing visitors a contemporary and cozy stay ** Given recent PIP complete, hotel has not experienced the full potential operationally ** It’s a perfect business for Owner-operator ** Cost of operation is higher because is currently run as fully absentee. ** Restaurant and apartment have been rented/leased for $3500 a month

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$193 USD /SF

# OF ROOMS

23

PRICE/ROOM

$73,043 {currency}

CAP RATE

8.89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Howard Johnson by Wyndham Ridgecrest

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

C

APN/PARCEL ID

067-022-10-00-6,067-022-11-00-9

ASK ABOUT THIS PROPERTY

Majid RadaeiRad Capital Group LLCMore Info
818-334-2111

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Majid RadaeiRad Capital Group LLCMore Info
818-334-2111

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