For Sale
$5,500,000

5115 Mckinley Ave Fresno, CA 93727

185-key hotel near Fresno Airport. High growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 185-key hotel, situated directly adjacent to Fresno Yosemite International Airport at 5115 E McKinley Ave, Fresno, CA 93727, presents a compelling investment opportunity. The property sits on a 9.18-acre lot (APN: 494-071-260, 27P & 70T) and is zoned CG. Currently operating under a ground lease expiring June 30, 2046, the hotel offers significant potential for rebranding with a national or international chain, leveraging its prime location for increased visibility and higher room rates. Existing banquet and conference facilities provide opportunities to expand event hosting, attracting corporate meetings, weddings, and social gatherings. The substantial land area allows for redevelopment or expansion, including adding rooms, upgrading facilities, or exploring mixed-use development options. This two-story building presents a unique chance to capitalize on the strong demand in the Fresno area, particularly given its proximity to the airport. The property's strategic location and existing infrastructure offer a solid foundation for future growth and profitability. This is a rare opportunity to acquire a well-positioned hospitality and multifamily asset in a thriving market.

Property Details for 5115 Mckinley Ave

Property type
Hospitality properties, Hotels
Buildings
1
Stories
2
Lot Size (sq. ft)
399,881 SF

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.7665987
Longitude
-119.7206596

FAQs

What type of property is this?
Hospitality property - 185-key hotel near Fresno Airport. High growth potential.
Where is the hospitality property located?
The property is located at 5115 Mckinley Ave Fresno, CA.
What is the asking price?
The asking price for this property is $5,500,000.
How can I contact the broker?
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5115 Mckinley Ave
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