16390 4th St - Hospitality FOR SALE


Guerneville, CA 95446
$3,750,000 USD
415-846-2849
16390 4th St, Guerneville, CA for Sale
$3,750,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

16390 4th St
Guerneville, CA 95446


HIGHLIGHTS

  • - 10,155 SF historic building - 24 units offering potential for diverse hospitality concepts - Built in 1930, exuding timeless charm - R2 zoning for f

OVERVIEW

The R3 Hotel is a 23-room hospitality property in the heart of Guerneville, long established as a destination along the Russian River. Serving the LGBTQ+ community and its allies for over four decades, the property has built a strong regional following and consistent presence within this well-known leisure market. Originally developed in the 1940s as a motor court-style motel, the property retains its distinctive U-shaped layout with surrounding cottage rooms, offering a vintage hospitality experience that continues to resonate with guests today. The resort includes a bar and restaurant, pool, sun deck, and stage, supporting both daily operations and large-scale events, including the long-running Lazy Bear Weekend. The offering includes both ABC Type 47 and Type 48 licenses, providing a rare opportunity for full-service food, beverage, and nightlife operations. Recent updates to food service and programming have further strengthened the property’s position within the market. The R3 can continue operating in its current form, with clear potential for upgrades that enhance the existing character and expand on its established appeal.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$338 USD /SF

# OF ROOMS

23

PRICE/ROOM

$163,043 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

R3 Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1930

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

R2

APN/PARCEL ID

070-030-010

ASK ABOUT THIS PROPERTY

Steven GerryCompass CommercialMore Info
415-846-2849

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

Steven GerryCompass CommercialMore Info
415-846-2849

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