9520 Main StUpper Lake, CA 95485

  • Mixed-use properties
  • 3,220 SF
For Sale
$3,000,000 View listing

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
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
9520 Main St, Upper Lake, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$26,983
$450,966
$1,894,589
$2,345,555
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