$4,600,000
$5,950,000
22.7%For more information regarding the value of a property, please contact us for a free consultation.
0.87 Acres Lot
SOLD DATE : 02/09/2023
Key Details
Sold Price $4,600,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP22214828
Sold Date 02/09/23
HOA Y/N No
Lot Size 0.874 Acres
Property Description
This two-story franchise hotel has 49 rooms and has exterior corridor. It has been maintained in an excellent condition. The new owner has conducted an over millions of dollars renovation since the acquisition in 2018. Room interiors have been completely upgraded. Room rates and occupancy rates have both increased dramatically. Since the pandemic recovery, the revenue has almost doubled. The guest rooms contain a micro-fridge combo along with free WiFi. It includes a breakfast option for guests in the morning along with ample parking for larger vehicles. Also included on this property is an on-site restaurant/cafe which has an established well-known reputation that the hotel leases to. Fort Bragg is a city on California's Mendocino Coast. It's known for Glass Beach, with its shore full of colorful glass stones. The beach is part of sprawling MacKerricher State Park, which supports varied bird life and harbor seals. The Skunk Train is a steam locomotive that weaves through the redwood forests of the Noyo River Canyon. South of the center, the Mendocino Coast Botanical Gardens shelters native plants.
Location
State CA
County Mendocino
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Building
Lot Description 36-40 Units/Acre
Water Public
Others
Tax ID 0080431500
Financing Seller Financing
Special Listing Condition Standard
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Bought with Tin-Jon Syiau • RAC Development Inc.