For Sale
$6,900,000
290 Atascadero RdMorro Bay, CA 93442
Profitable coastal hotel, 34 keys, turnkey operation.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Turnkey 34-key hotel in Morro Bay, CA.
- Located on a 0.69-acre lot at 290 Atascadero Rd, 93442.
- 14,867 square feet, two-story building constructed in 2007, renovated in 2020.
- Strong pro-forma NOI of $389,871 and a 5.65% pro-forma cap rate.
- Asking price: $6,900,000 ($464.12/SF, $202,941.18/key).
Property Details for 290 Atascadero Rd
- Property type
- Hospitality properties, Motels
- Square Feet
- 14,867 SF
- Year Built/Renovated
- 2007/2020
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 30,056 SF
Location Insight
- City
- Morro Bay
- County
- San Luis Obispo
- State
- California
- Latitude
- 35.379916539102
- Longitude
- -120.85602633875
290 Atascadero Rd, Morro Bay, California
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