California Oceanfront Commercial Hospitality Property - Hotels for Sale, Real Estate - Number of Bedrooms: 7, Number of Bathrooms: 6 - Oceano, California, United States

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California Oceanfront Commercial Hospitality Property
Date & Time Listed: 2019-06-24 23:08:36 (GMT)

Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 7, Number of Bathrooms: 6
Posted From: United States, California, Oceano

Ad Details:

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: 2,000,000.00 USD

Keywords:

Calilfornia, Oceanfront, Hospitality, Commercial, Triplex, Solar

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Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 7, Number of Bathrooms: 6 Posted From: United States, California, Oceano

Posted in Categories: Real Estate, Hotels for Sale - Number of Bedrooms: 7, Number of Bathrooms: 6
Posted From: United States, California, Oceano