518 7Th StEureka, CA 95501

Property Details for 518 7Th St

Lot size

1.32 AC

Zone code

CC-LW

Property type

Motels

APN

001-156-001-000

APU

1156001000

Description

This exceptional investment opportunity presents the Eureka Inn, a 117-key, four-story hotel in downtown Eureka, California. A Wyndham Trademark Collection property, this landmark hotel, built in 1922 and extensively renovated in 2018, boasts a rich history and iconic Elizabethan Tudor Revival architecture. Situated on a 1.32-acre lot (APN: 001-156-001-000, 004-211-002-000, 004-211-003-000), the Eureka Inn enjoys a prime location, within walking distance of shops, museums, restaurants, and the Pacific Coastline. Its proximity to Redwood National Park and educational institutions like College of the Redwoods and Cal Poly Humboldt further enhances its appeal. The hotel has shown consistent revenue growth over the past three years, currently operating at 44% of the competitive set RevPAR, indicating significant upside potential. Further revenue generation opportunities exist through the reopening of the hotel's underutilized restaurant and bar spaces. The asking price is $9,900,000. This historic property offers numerous investor incentives and presents a compelling opportunity to capitalize on its established reputation and substantial growth trajectory within a thriving coastal California market. The hotel's interior corridor design and its listing on the National Register of Historic Places add to its unique value proposition. The city of Eureka has a population exceeding 45,000 residents.

• CAP approach

  CAP return

  Valuation

  6%

  $11,770,177

  6.5%

  $10,864,779

  7%

  $10,088,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,292,812

  Geo Method

  $19,292,812

• Alternative Use

  Use

  Valuation

  Residential

  $11,861,182

  Hospitality

  $10,864,779

  Educational

  $9,039,368

  Medical

  $9,350,246

  Retail

  $14,061,240

Location Insight

City

Eureka

County

Humboldt

State

California

Latitude

40.7999

Longitude

-124.165

CBSA code

21700

CBSA name

EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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