Fort Bragg, CA 95437,763 N Main ST
Fort Bragg, CA 95437,763 N Main ST
Fort Bragg, CA 95437,763 N Main ST
$4,600,000
Est. payment /mo
$5,950,000
22.7%
Est.Price: ?

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0.87 Acres Lot
SOLD DATE : 02/09/2023

Key Details

Sold Price $4,600,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP22214828

Sold Date 02/09/23

HOA Y/N No

Lot Size 0.874 Acres

Property 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 millions 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 city on California's Mendocino Coast. It's known for Glass Beach, with its shore full of colorful glass stones. The beach is part of sprawling MacKerricher State Park, which supports varied bird life and harbor seals. The Skunk Train is a steam locomotive that weaves through the redwood forests of the Noyo River Canyon. South of the center, the Mendocino Coast Botanical Gardens shelters native plants.

Location

State CA

County Mendocino

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Building

Lot Description 36-40 Units/Acre

Water Public

Others

Tax ID 0080431500

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ralph Liu • InvestorsAlly Realty
Bought with Tin-Jon Syiau • RAC Development Inc.

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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