For Sale
$7,500,000

888 Main StFort Bragg, CA 95437

53-Room Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 53-key Super 8 by Wyndham hotel in Fort Bragg, CA, presents a compelling investment opportunity. Located on historic Highway 1, directly across from the Pacific Ocean, the property boasts stunning views of redwood forests and easy access to renowned Northern California attractions like Mendocino and Glass Beach. Built in 1984 and encompassing 25,828 square feet on a 1.19-acre lot, this two-story building offers significant value-add potential in a high barrier-to-entry coastal market. The hotel benefits from a strong in-place cash flow, further enhanced by rental income generated through a long-term restaurant lease. The asking price is $7,500,000, translating to $290.38 per square foot. This AAA-approved hotel represents a rare chance to acquire a recently renovated asset in a desirable location, offering a discount to replacement cost. The property's permitted zoning is N0. The property includes one building and features 53 keys. This is a unique opportunity to capitalize on the strong demand in this thriving coastal market. The property's APN is 018-120-42-00. The address is 888 S Main St, Fort Bragg, CA 95437.

Highlights

  • Prime coastal location.
  • Highly competitive market with limited new supply.
  • Significant potential for property improvements and increased value.
  • Acquisition price below current construction costs.
  • Substantial current cash flow from operations.
  • Stable income stream from a long-term restaurant lease.

Property Details for 888 Main St

Property type
Hospitality properties, Hotels
Square Feet
25,828 SF
Year Built
1984
Buildings
1
Stories
2
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Fort Bragg
County
Mendocino
State
California
Latitude
39.4299496
Longitude
-123.8055579
888 Main St, Fort Bragg, California

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888 Main St
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