131 Metropole AveAvalon, CA 90704
- Hospitality properties
- 0.62 AC
Property Details for 131 Metropole Ave
- Year built
- 1896
- Lot size
- 0.62 AC
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
Prime Avalon, California location presents a unique redevelopment opportunity for this 72-key hotel, originally built in 1896 and renovated in 2020. The three-story, 0.62-acre property (APN 7480-018-009) offers fee simple ownership and boasts stunning island and beach views. Currently operating as a boutique hotel and apartment rentals, the property includes hotel rooms, ocean-view suites, and cottage-style apartments. An on-site retail space generates additional income. The property's location in Avalon, Catalina Island, a high-barrier-to-entry market attracting over one million visitors annually, presents significant upside potential. Several redevelopment scenarios are possible, including conversion into an upscale boutique hotel, luxury condominiums, or multifamily apartment rentals. The property's high RevPAR growth market and proximity to attractions like the Green Pleasure Pier, Catalina Island Casino, and Avalon Theatre further enhance its investment appeal. This is an exceptional chance to capitalize on a premium location and create a high-end development on Catalina Island. The asking price is $11,500,000.
Location Insight
- City
- Avalon
- County
- Los Angeles
- State
- California
- Latitude
- 33.344
- Longitude
- -118.328
Comparable in this City
Similar Nearby for Sale
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