9450 Castillo Dr - Hospitality FOR SALE


San Simeon, CA 93452
$8,500,000 USD
831-212-4526
9450 Castillo Dr, San Simeon, CA for Sale
$8,500,000 USD
Hospitality - FOR SALE
1/16
null | 1% Cap Rate

9450 Castillo Dr
San Simeon, CA 93452


OVERVIEW

RARE OPPORTUNITY! Ocean Views with Frontage on California Coast Highway 1. Seller Financing with Low Fixed Rate available to qualified Purchaser. Income, occupancy, average daily rate far below market. Substantial renovations in 2021. Call for details.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$335 USD /SF

# OF ROOMS

61

PRICE/ROOM

$139,344 {currency}

CAP RATE

1%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coast Riders Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,662 SF

ZONING

CZ

APN/PARCEL ID

013-091-036

ASK ABOUT THIS PROPERTY

Julian BillsHotel BrokerageMore Info
831-212-4526

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Julian BillsHotel BrokerageMore Info
831-212-4526

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