For Sale
$3,590,000

3548 Spring StPaso Robles, CA 93446

Profitable 15-key motel in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional turn-key hospitality property, the Wine Country Inn, presents a lucrative investment opportunity. Situated on a 0.39-acre lot (16,987 sq ft) at 3548 Spring St, Paso Robles, CA 93446, in San Luis Obispo County, this established motel boasts 15 keys within its 4,838 square feet. The property comprises two single-story buildings, originally constructed in 1963 and extensively renovated in 2023. The current owner enjoys a strong net operating income (NOI) of $243,305, translating to a compelling 6.78% cap rate. The asking price is $3,590,000, representing a price per key of $239,333.33. This well-maintained inn benefits from its location in a thriving wine country area, attracting a steady stream of visitors. The property's APN is 008-041-039. This is a fee-simple ownership opportunity. Prospective buyers are advised to schedule an appointment for viewing

Highlights

  • Turn-key hospitality property, Wine Country Inn, offering a strong NOI of $243,305 and a 6.78% cap rate.
  • Located on a 0.39-acre lot (16,987 sq ft) at 3548 Spring St, Paso Robles, CA 93446.
  • 15-key motel (4,838 sq ft) with two single-story buildings, extensively renovated in 2023.
  • Asking price: $3,590,000 ($239,333 per key).
  • Fee-simple ownership.

Property Details for 3548 Spring St

Property type
Hospitality properties, Motels
Square Feet
4,838 SF
Year Built/Renovated
1963/2023
Buildings
2
Stories
1

Location Insight

City
Paso Robles
County
San Luis Obispo
State
California
Latitude
35.651340099264
Longitude
-120.69342636143
3548 Spring St, Paso Robles, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3548 Spring St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message