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Crescent Beach Motel 1455 US Highway 101 S

27 Room Hotel Crescent City, CA 95531 £3,133,200 (£116,044/Room) 7.63% Net Initial Yield

Investment Highlights

  • Prime Location: Directly on a pristine sandy beach, offering guests immediate access to the ocean.
  • Natural Attractions: A short drive from Redwood National Park, Smith River National Recreation Area, and Lake Earl Wildlife Refuge.
  • Stunning Property: 27 charming guest rooms with various configurations to meet diverse needs.

Executive Summary

Crescent Beach Motel! Own a slice of California paradise with this stunning 27 room motel, LOCATED DIRECTLY ON A PRISTINESANDY BEACH. This charming property offers guests a unique opportunity to experience the beauty of the Northern California coast atits best. Excellent location, just about a half mile from the Crescent City Harbor, fishing charters, and wonderful restaurants. The localtourism industry is strong with guests coming to the area to enjoy the Redwood National Park, Smith River National Recreation Area,Lake Earl Wildlife Refuge, Salmon and Steelhead fishing, and much more! 27 comfortable guest rooms with a variety of configurationsto accommodate different needs. Plenty of off street parking. 4.3 acres with 4 separate parcels.

Property Facts

Price £3,133,200
Price Per Room £116,044
Sale Type Investment
Net Initial Yield 7.63%
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.03 AC
Building Size 10,294 SF
No. Rooms 27
Number of Floors 1
Year Built 1960
Parking Ratio 4.37/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • Beach (direct access)

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 27 £81.46 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 115-030-001-000
  • 115-030-009-000
  • 115-030-005-000
  • 115-030-003-000
Land Assessment
£1,587,373
Improvements Assessment
£484,418
Total Assessment
£2,071,791

zoning

Zoning Code CR (Commercial Recreation)
CR (Commercial Recreation)
  • Listing ID: 31864443

  • Date on Market: 20/05/2024

  • Last Updated:

  • Address: 1455 US Highway 101 S, Crescent City, CA 95531

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