1225 Hillman St - Hospitality FOR SALE


Tulare, CA 93274
$9,750,000 USD
805-452-2880
1225 Hillman St, Tulare, CA for Sale
$9,750,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

1225 Hillman St
Tulare, CA 93274


HIGHLIGHTS

  • 79 Keys | Built 2012 | 5.68-Acre Site
  • Favorable 53 yr ground lease with significant tax advantages
  • 3 Acres of Developable Commercial Land Included
  • Potential to Add 80+ Keys (Subject to County Approval)
  • Strong Extended-Stay Redevelopment Potential
  • Silver Circle Award Winner – Top 20% of Marriott Hotels for Overall Guest Satisfaction

OVERVIEW

This is an existing, strong-performing 79-key Fairfield Inn & Suites with an expansion opportunity on its additional 3 acres of fully fenced, level land, featuring an entrance and exit, offering a shovel-ready development. The site can support the construction of an 80+ key extended-stay hotel—an in-demand product type in the Tulare market, with multiple brands already expressing interest. Investors and Developers can take advantage of the stable income from the Fairfield Inn while building out the new extended-stay property on site. Do not disturb management. Call for Details or to Schedule a Showing 805-807-1782

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$148 USD /SF

# OF ROOMS

79

PRICE/ROOM

$123,418 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites Visalia Tulare

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.68 AC

LAND SF

247,421 SF

ZONING

C3

APN/PARCEL ID

170-380-011-000

ASK ABOUT THIS PROPERTY

Deborah KingDeborah KingMore Info
805-452-2880

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Deborah KingDeborah KingMore Info
805-452-2880

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