6090 Blackstone AveFresno, CA 93710

Property Details for 6090 Blackstone Ave

Year built

1963

Construction

WOOD

Lot size

0.93 AC

Property size (Sq ft)

19,716 SF

Zone code

C6

Property type

Hospitality properties

Property subtype

Motels

APN

409-191-25

APU

40919125

Description

This exceptional 58-key Days Inn by Wyndham, located in Fresno, California, presents a lucrative investment opportunity. The property boasts 19,000 square feet across two stories, featuring exterior corridors and recently completed (2023) extensive renovations encompassing guest rooms, bathrooms, and public areas. Situated on a 0.66-acre lot (APN 409-191-25) zoned C6, this hotel enjoys a prime location near Highway 41, offering convenient access to Fresno Yosemite International Airport (FAT), California State University - Fresno, and major medical centers. The 1963-built hotel generated a 2023 Gross Room Revenue of $1,521,252, including group contracts, and a Net Operating Income (NOI) of $640,870. Its proximity to Yosemite and Sequoia National Parks further enhances its appeal. The asking price is $7,495,000, translating to $394.47 per square foot and $129,224.14 per key. This turnkey operation is ideal for owner-users seeking a high-return hospitality investment in a thriving California market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,915,172

  6.5%

  $4,537,081

  7%

  $4,213,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,812,826

  Geo Method

  $12,922,625

• Alternative Use

  Use

  Valuation

  Residential

  $4,953,174

  Hospitality

  $4,537,081

  Educational

  $3,774,798

  Medical

  $3,904,620

  Retail

  $5,871,908

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8245

Longitude

-119.79

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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