For Sale
$5,500,000

580 Oro Dam BlvdOroville, CA 95965

71-Key Motel, 3.4 Acres, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This 71-key motel in Oroville, CA presents a compelling value-add investment opportunity. Situated on a 3.37-acre lot at the intersection of Hwy 162 and Hwy 70, this single-story, 27,169 square foot property enjoys high visibility and convenient access for tourists and visitors to Northern California's natural attractions. Built in 1962, the motel's location near Lake Oroville, Oroville Dam (the tallest in the US), Feather Falls, Berry Creek, and the North Table Ecological Reserve ensures a consistent stream of visitors and contractors. The property is offered unbranded, providing a blank canvas for renovation and repositioning to maximize its potential. Its current absentee ownership presents significant upside for a hands-on owner/operator seeking to enhance operational efficiency and profitability. The asking price is $5,500,000, translating to $202.44 per square foot. The property's APN is 035-030-090-000 and is located at 580 Oro Dam Blvd E, Oroville, CA 95965. This is a rare chance to acquire a well-located motel with substantial room for improvement and strong potential for return on investment in a desirable area of Northern California, approximately 20 miles south of Chico and 67 miles north of Sacramento.

Highlights

  • $5,500,000 asking price for a value-add motel investment opportunity.
  • 71-key motel totaling 27,169 square feet on a 3.37-acre lot in Oroville, CA.
  • Located near the intersection of Hwy 162 and Hwy 70, providing easy access for tourists.
  • Property is unbranded, allowing for renovation and repositioning by a new owner.
  • Significant value-add potential due to current absentee ownership and operation.

Property Details for 580 Oro Dam Blvd

Property type
Hospitality properties, Motels
Square Feet
27,169 SF
Year Built
1962
Stories
1
Lot Size (sq. ft)
146,797 SF

Location Insight

City
Oroville
County
Butte
State
California
Latitude
39.499017377542
Longitude
-121.56820866271
580 Oro Dam Blvd, Oroville, California

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580 Oro Dam Blvd
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