For Sale | Boutique Hotel / Mendocino Coast
$3,100,000
785 Port Rd, Point Arena, CA 95468
For Sale
Hotel
Active
Last Updated: 03/15/2022
8.82
Cap Rate
286,705
NOI
Details:
Cap Rate: 8.82%
NOI: $286,705
Building Size: 20,000 sqft
Lot Area: 2.42 acres
Keys: 25
Floors: 2
Parking Spots: 25
Highlights:
- Property is on pace to generate highest revenue since 2016
- Resilient destination travel market
- Property well maintained
- Value add - updating the property
- Soft brand alliance opportunity
Description:
The Wharf Master's Inn is a 26 unit boutique property located in Point Arena with views of the Pacific Ocean. The property has six separate buildings that include the Inn Keepers house. Each of the buildings have been updated and maintained. The owners have modified the property to be COVID compliant are now serving a modified breakfast to their guests.
This WharfMasters Inn is located on the Coast of California, North of the Golden Gate Bridge, in the town of Port Arena. The property is perched up on a hillside providing guests with an expansive view of the Pacific Ocean.
Documents:
| Title | ||
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| Property Map | ||
| OM_2021.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
