888 Main StFort Bragg, CA 95437

Property Details for 888 Main St

Year built

1969

Construction

WOOD

Lot size

1.19 AC

Property size (Sq ft)

18,931 SF

Property type

Hotels

Property subtype

Motels

APN

018-120-42-00

APU

181204200

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,899,200

  6.5%

  $5,445,416

  7%

  $5,056,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,163,358

  Geo Method

  $6,351,975

• Alternative Use

  Use

  Valuation

  Residential

  $5,944,812

  Hospitality

  $5,445,416

  Educational

  $4,530,522

  Medical

  $4,686,334

  Retail

  $7,047,478

Location Insight

City

Fort Bragg

County

Mendocino

State

California

Latitude

39.4298

Longitude

-123.806

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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