1689 E Hobsonway - Hospitality FOR SALE


Blythe, CA 92225
$2,750,000 USD
909-456-3481
1689 E Hobsonway, Blythe, CA for Sale
$2,750,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

1689 E Hobsonway
Blythe, CA 92225


HIGHLIGHTS

  • Neighboring Parcel with Closed Restaurant Included in the Sale
  • Within Close Proximity to Nearby Demand Drivers Including Cibola National Wildlife Refuge, Blythe Intaglios, and Colorado River Recreation
  • Ideally Located off Interstate 10, Connecting Southern California to Arizona and Providing Transient Demand for the Property
  • Nearby Attractions Include Palo Verde Historical Museum and Society, Blythe Wings Mural, and Downtown Blythe Shopping & Dining

OVERVIEW

Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the Americas Best Value Inn Blythe, a two-story limited-service hotel conveniently located off of Interstate 10 in Blythe, California. The sale includes the neighboring land parcel with closed restaurant building. The hotel consists of 56 guest rooms and an outdoor pool. The hotel offers clean, budget-friendly accommodations with modern essentials. Blythe is a city in eastern Riverside County, California, United States. It is in the Palo Verde Valley of the Lower Colorado River Valley region, an agricultural area and part of the Colorado Desert along the Colorado River, approximately 224 miles east of Los Angeles and 150 miles west of Phoenix. The Blythe hotel market enjoys a mix of weekday corporate and logistics demand with weekend leisure stays, enhancing occupancy stability. Some of the demand drivers are: a. Interstate 10 traffic from commuters, truckers, and cross-country travelers b. Agriculture and essential services support recurring demand from seasonal laborers, contract workers, and professionals c. Proximity to the Colorado River and protected wildlife areas attracts outdoor enthusiasts and eco-tourists. The Americas Best Value Inn Blythe represents the opportunity to acquire a franchised hotel in a desirable transient market. Our pro forma analysis assumes continued modest growth and upgrade opportunity related to refreshing rooms, enhancing breakfast, upgrading curb appeal, and improved housekeeping services and guest comfort and satisfaction to gain competitive advantage.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$92 USD /SF

# OF ROOMS

56

PRICE/ROOM

$49,107 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Americas Best Value Inn Blythe

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

CP, Blythe

APN/PARCEL ID

851-110-057

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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