The Fillmore on Central Hotel Development

Highlights:

• Beautifully Appointed Historic Mission, Currently Operating as a Wedding Venue and NNN-Leased by Wedgewood Weddings (400+ Weddings in the Next 4 Years)
• Portion of the Property Could Be Converted to a Boutique Hotel
• A Landmark in Historic Fillmore, Situated on Nearly 1 Acre of Lush, Well-Maintained Grounds
• Corner Lot | Excellent Visibility from Central Avenue & 1st Street
• Conveniently Located Between Ventura and Santa Clarita
• Located Near the Fillmore & Western Railway, Known as 'The Movie Train' and Featured in Numerous Films and TV Shows
• Walking Distance to Historic Downtown Fillmore, Restaurants, Shops, Parks, and the Fillmore Historical Museum
• Fillmore is Located Along the Santa Clara River and State Highway 126 in Ventura County
• Within 1 Hour of Los Angeles and Santa Barbara | 25 Miles to Island Packers Cruises, Which Provides Access to Channel Islands

Description:

$1M Price Reduction - Southern California Hotel Development - Seller Financing Available

Property Tours

Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.

Marcus & Millichap has been chosen to exclusively market for sale the Fillmore on Central Hotel Development in Fillmore, California. The Fillmore on Central is an iconic landmark that was historically the chapel of Fillmore. The property now operates as a wedding venue that is leased by Wedgewood Weddings, a national wedding venue operator.

Situated on nearly 1 acre of lush, well-maintained grounds, the Fillmore on Central has a section of the property, historically used as chapel classrooms that can be converted into a 40-room boutique hotel. The hotel will have a built-in demand generator with Wedgewood Weddings who are set to perform over 400 Weddings in the next 4 years.

The property also includes a 2,320 sq. ft. basement that could be converted to a speakeasy bar, spa area, or other food & beverage option. In the center of the classroom area that will be converted to hotel rooms, there is 3,000 sq. ft. courtyard with the potential for development of a pool area.

The Fillmore on Central Hotel Development is ideally located off of highways 126 and 23 in Fillmore, which is 1 hour of Los Angeles and Santa Barbara. The property is in Historic Downtown Fillmore and within walking distance to restaurants, shops, parks, and the Fillmore Historical Museum.

Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Santa Clara River Valley region.

Click Here for Offering Memorandum: https://allredhotelgroup.com/?propertyId=FillmoreCAMissionDev

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