California Oceanfront Commercial Hospitality Property (MD201488927)
✉ E-Mail ✉ Property type Hotel for Sale Number of Bedrooms 7 Number of Bathrooms 6 Date Posted 2019-06-24 Last Changed 2019-06-24 23:12:50 Built area: 348.21 m2 Land / Lot area: 687.99 m2
Price: 2,000,000 USD
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California Oceanfront Commercial Hospitality Property (MD201488927)
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Located just south of world-famous Pismo Beach on the California Central Coast in the community of Oceano. Nestled between the larger communities of San Luis Obispo to the north and Santa Maria to the south. Near one of the only vehicle access roads to the beach along the California Coast. $2,000,000 Investment representing partial ownership. A 5% Cap Rate, with an 8% Stabilized Cap Rate. 3,869 SF Oceanfront Triplex with 7 bedrooms and 6 bathrooms, built in 1996 to LEED certifications with solar energy. Rarely is there an opportunity to have commercially zoned hospitality so close to the beach. Located in an Opportunity Zone. Oceano's beach is the Oceano Dunes State Vehicular Recreation Area, a 1,500 acre (6.1 km2) coastal sand dune. As the only state park in California where visitors may drive vehicles on the beach, tourists are attracted from all over the United States. Over thirty percent of the visitors to Oceano come in groups of ten or more. This large seven bedroom suite can cater to such groups. Because of this property?s zoning as a hotel, it is not subject to local ordinance restrictions for Airbnb type rentals. Currently rented as three apartments, this property is commercially zoned as a hotel and its highest and best use is for hospitality. A company that manages over 10,000 vacation rentals in thirteen countries including the U.S., has done an analysis that shows a higher projected income than currently realized. We will manage the property for you. Suitable for 1031 Exchange, TIC Investment and Delaware Trust.
Other Details: Number of Bedrooms: 7, Number of Bathrooms: 6
* Price: 2,000,000 USD (Built area: 5,743.66 USD / m2) (Land / Lot area: 2,907.01 USD / m2)
Keywords: Calilfornia , Oceanfront , Hospitality , Commercial , Triplex , Solar
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Date & Time Listed: 2019-06-24 23:08:36 GMT
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Pismo State Beach Park ~ 0,027 kmOceano Dunes Beach ~ 0,092 kmPismo State Beach Park ~ 0,129 kmPismo State Beach Park ~ 0,152 kmPismo State Beach Park ~ 0,188 kmOceano Memorial Park... Park ~ 0,307 km- Park ~ 0,338 kmPismo State Beach Park ~ 0,348 km- Park ~ 0,376 km- Park ~ 0,405 kmPismo State Beach Park ~ 0,406 km- Park ~ 0,482 kmOceano Memorial Park... Park ~ 0,521 km- Other ~ 0,556 km- Other ~ 0,782 kmPismo Dunes Natural ... Nature Reserve ~ 0,817 kmTopco Inc. Other on Griffin 974 ~ 0,895 km- Other on Street 969 ~ 0,919 km- Other on Street 963 ~ 0,927 km- Other on Street 957 ~ 0,941 km- Other on Street 959 ~ 0,957 km- Other on Street 962 ~ 0,969 km- Other ~ 0,981 km- Other on Street 956 ~ 0,982 km- Other on Street ~ 0,989 km- Other on Street ~ 0,990 kmOceano Dunes Beach ~ 0,092 kmPacific Plaza Resort... Hotel on Avenue 444 ~ 0,259 kmOceano Inn Hotel ~ 0,605 kmOceano Airport Campg... Other ~ 0,620 km- Parking ~ 0,213 km- Airport ~ 0,471 kmOceano County Airpor... Airport ~ 0,823 km- Other ~ 0,459 km- Other on Avenue 393 ~ 0,170 km- Other ~ 0,275 km- Other ~ 0,292 km- Other ~ 0,453 km- Other ~ 0,550 km
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California Oceanfront Commercial Hospitality Property (MD201488927)
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