126 John St - Hospitality FOR SALE


Salinas, CA 93901- Downtown Salinas
$4,500,000 USD
831-224-4874
126 John St, Salinas, CA for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

126 John St
Salinas, CA 93901
Downtown Salinas


HIGHLIGHTS

  • Complete ground-up renovation in 2019.
  • Fully modernized, turn-key investment.

OVERVIEW

The Country Inn is a 22-room boutique motel located in the heart of South Salinas, just minutes from Old Town, the National Steinbeck Center, and a variety of local restaurants and shops. Originally built in 1976, the property underwent a complete ground-up renovation in 2019, making it a fully modernized, turn-key investment. During the renovation: All mechanical, electrical, plumbing, and low-voltage systems were removed and replaced. The entire property was fully insulated, and the electrical service was upgraded through PG&E. Outdated gas heaters were replaced with energy-efficient PTAC units. Every guest room and bathroom was completely rebuilt with new finishes and fixtures. Interior and exterior LED lighting was installed throughout the property. All ADA compliance requirements were fully addressed, ensuring accessibility throughout the facility. Fiber optic lines were installed, and the building features structured wiring to two locations in each room, supporting modern connectivity and entertainment systems. A centrally monitored fire alarm system enhances safety and meets stringent compliance standards. A commercial-grade Wi-Fi 6 access point system ensures strong, reliable internet coverage throughout the property. A comprehensive, hardwired 32-camera IP surveillance system provides full-property monitoring and security. All guest room locks are electronic keycard systems made by Kaba Ilco, offering enhanced security and convenience. Additional property features include: A guest laundry room for added convenience. A separate hotel laundry facility to support daily operations. An attached manager’s unit offering 1 bedroom, 1 bathroom, a full kitchen, and a spacious living room—ideal for onsite management or live-in ownership. Over the past four years, the property has operated under an agricultural H-2A housing contract, offering strong, reliable income with significant upside potential. Most recently, the property has also been considered by both State and Federal agencies for use as VA housing, underscoring its flexibility and value for alternative housing solutions. With state-of-the-art systems, comprehensive compliance upgrades, and strong location fundamentals, the Country Inn is ready for its next chapter—whether as a hospitality operation, workforce housing, or government-supported facility.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$483 USD /SF

# OF ROOMS

22

PRICE/ROOM

$204,545 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1956

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

MX

APN/PARCEL ID

002-392-022-000

ASK ABOUT THIS PROPERTY

Tene ShakeThe Shake GroupMore Info
831-224-4874

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Tene ShakeThe Shake GroupMore Info
831-224-4874

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