763 North. Main St., Fort Bragg, CA 95437 - NP22211787 - iPro Real Estate

763 North. Main St.
Fort Bragg, CA 95437

Pending, Multi-Family/Income Sale

For Sale

$5,950,000 $156.20 per sqft

Free Professional CMA

Listing ID : NP22211787

  • Lot Size

    38,093 Sqft
  • Year

    1976

Description

This two-story franchise hotel has 49 rooms and has exterior corridor. It has been maintained in an excellent condition. The new owner has conducted an over a million of dollars renovation since the acquisition in 2018. Room interiors have been completely upgraded. Room rates and occupancy rates have both increased dramatically. Since the pandemic recovery, the revenue has almost doubled. The guest rooms contain a micro-fridge combo along with free WiFi. It includes a breakfast option for guests in the morning along with ample parking for larger vehicles. Also included on this property is an on-site restaurant/cafe which has an established well-known reputation that the hotel leases to. Fort Bragg is a booming tourist location and this hotel is in the heart of the city, which is also the largest coastal city in Mendocino County. It is situated on U.S. Highway 1, which travels along the Pacific coast throughout California. The hotel is within walking distance to the popular Glass Beach. It is also in short proximity to the prestigious Mendocino Coast Botanical Gardens. Whale Watching is one of the most popular attractions during the winter and spring as it brings thousands of visitors every year, retired senior citizens and young backpackers alike.

Details

Type: Multi-Family/Income Sale 
County: Mendocino 
Tax ID: 0080431500
Days on Market: 546 
AltCal ID: CRNP22211787 
Laundry: Laundry Area 
Number of Buildings: 3 
Number of Units: 1 
Property Type: Commercial Sale 
Water: District - Public 

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39.45034 -123.806145 $5,950,000 NP22211787
763 North. Main St., Fort Bragg, CA 95437
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Listed by Ralph Liu with InvestorsAlly Realty

Based on information from the MLSListings MLS) as of 3/28/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 3/28/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2024 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes