2124 Fremont StMonterey, CA 93940

This exceptional 53-key Motel 6 in Monterey, California presents a compelling investment opportunity. Boasting 13,037 square feet on a 36,900 square foot lot, this two-story property underwent a complete renovation in 2024, ensuring modern amenities and maximizing its appeal to travelers. The property's strong financial performance is highlighted by a 7.07% cap rate and a net operating income (NOI) of $777,481, with an asking price of $11,000,000 ($843.75 per square foot). Built in 1963, this single-building motel enjoys a highly desirable location, offering convenient access to Monterey State Beach, Cabrillo Highway, Fisherman's Wharf, Monterey Peninsula Airport, and the Del Monte Golf Course. Its proximity to Seaside, Carmel, and Pacific Grove further enhances its attractiveness to tourists and business travelers. The property's location provides easy access to major attractions and transportation routes, ensuring consistent occupancy and strong revenue generation. The property is identified by APN 013-181-009-000 and is owned by Bayside Hospitality LLC. This turnkey operation is ready for immediate ownership and offers significant potential for future growth and profitability within the thriving Monterey hospitality market. The property is offered fee simple.