10 Country Club Way - Hospitality FOR SALE


Carmel Valley, CA 93924
$3,200,000 USD
831-238-3592
10 Country Club Way, Carmel Valley, CA for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

10 Country Club Way
Carmel Valley, CA 93924


HIGHLIGHTS

  • 10 Country Club Way, formerly known as The Portofino Inn & Spa, is now presented to the market, vacant, and ready for immense untapped upside.
  • In a prime Carmel Valley location with Historical Water Credits available.
  • Existing structures on-site include a pool, restaurant, and spa, plus the rooms featuring patios.
  • The Monterey County area attracts an estimated 4.6 million visitors a year.

OVERVIEW

Mahoney & Associates is pleased to present the opportunity to purchase 10 Country Club Way in Carmel Valley to the market. Formerly operated as a 22-room hotel under the name Portofino Inn & Spa, the property has been vacant for several years. The existing structure offers a pool, restaurant, and spa facility build-out, and the rooms feature patios. Salinas agriculture brings ±$8 billion into the local economy. Tourism is a large part of the local economy, with sites such as Big Sur, the 17-mile Drive, Pebble Beach Golf Links, and numerous state and national parks and wineries. Three regional airports serve the area: Monterey, Salinas, and Marina Municipal. This is a unique opportunity to purchase approximately 6.5 acres in the heart of Carmel Valley.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$190 USD /SF

# OF ROOMS

22

PRICE/ROOM

$145,455 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Portofino Inn & Spa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

26

LAND DETAILS

LAND ACRES

6.64 AC

LAND SF

289,238 SF

ZONING

VO-D-S-RAZ

APN/PARCEL ID

187-252-011-000

ASK ABOUT THIS PROPERTY

Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.