8041 Soquel DrAptos, CA 95003
- Hospitality properties
- 9,785 SF
Property Details for 8041 Soquel Dr
- Year built
- 1878
- Lot size
- 0.87 AC
- Property size (Sq ft)
- 9,785 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
- APN
- 041-011-55
- APU
- 4101155
Description
This exceptional 9,785 square foot Italianate-style commercial property, situated on a 0.87-acre lot at 8041 Soquel Drive in Aptos, CA, presents a unique investment opportunity. The property, known as the Bayview, boasts a rich history and is recognized as a significant landmark in the county, celebrating its 50th anniversary on the historic registry. The hotel features 14 state rooms, many with en-suite baths or showers, including several suites. A fully equipped commercial kitchen is ideal for catering events of various sizes. The property also includes a bar and grill with a Type 47 liquor license (available for separate acquisition). The impressive interior features high stamped metal ceilings and a towering bar. A large patio extends from the rear of the building, offering outdoor space and remnants of lush gardens. Located in the heart of the revitalized Aptos Village, the hotel enjoys proximity to popular shops and restaurants, with distant views of the Monterey Bay. The property is believed to feature the largest magnolia tree on the West Coast. This is a rare chance to acquire a piece of Aptos history and a thriving commercial enterprise. The asking price is $3,900,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,328,230
- 6.5%
- $3,072,212
- 7%
- $2,852,768
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,413,466
- Geo Method
- $6,413,466
-
Alternative Use
- Use
- Valuation
- Residential
- $3,353,963
- Hospitality
- $3,072,212
- Educational
- $2,556,044
- Medical
- $2,643,951
- Retail
- $3,976,069
Location Insight
- City
- Aptos
- County
- Santa Cruz
- State
- California
- Latitude
- 36.9776
- Longitude
- -121.9
- CBSA code
- 42100
- CBSA name
- SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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