8041 Soquel DrAptos, CA 95003

Property Details for 8041 Soquel Dr

Year built

1878

Lot size

0.87 AC

Property size (Sq ft)

9,785 SF

Property type

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.

• 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

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