9520 Main StUpper Lake, CA 95485

Property Details for 9520 Main St

Year built

1918

Lot size

0.69 AC

Property size (Sq ft)

3,220 SF

Zone code

C2

Property type

Investment properties

Property subtype

Live-work space

APN

027-193-180-000

APU

27193180000

Description

This exceptional 17-key hotel, The Tallman Hotel & Blue Wing Saloon, is nestled in historic Upper Lake, California, on a 0.69-acre lot (APN 027-193-180). Built in 1896 and extensively renovated in 2005, this property boasts nine buildings across two stories, with C2 zoning. The hotel features a signature Blue Wing Saloon restaurant and the charming Riffe's Meeting House, attracting guests with a full calendar of events. Situated in Lake County, known for its proximity to Clear Lake (California's largest natural lake), abundant outdoor recreation, and burgeoning wine scene, this property offers a unique investment opportunity. The hotel's location is convenient to the San Francisco Bay Area (100 miles), Sacramento (100 miles), and Santa Rosa (40 miles). Seller financing and structured sales are considered for qualified buyers. This is a clean offering with a state-of-the-art, sustainably led renovation. The property is for sale by owner for $3,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $883,407

  6.5%

  $815,453

  7%

  $757,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,858

  Geo Method

  $459,752

• Alternative Use

  Use

  Valuation

  Residential

  $1,011,161

  Hospitality

  $926,218

  Educational

  $770,603

  Medical

  $797,105

  Retail

  $1,198,715

Location Insight

City

Upper Lake

County

Lake

State

California

Latitude

39.1651

Longitude

-122.91

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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