Investment opportunity, Turnkey 27-unit motel in Corcoran, California, offered at $2,295,000, an 8.9% capitalization rate on in-place income. The Corcoran Country Inn pairs three things that rarely appear together at this price: strong current cash flow, recent capital already invested, and clear, buyer-controlled paths to grow.
The property has been substantially renovated over the past four to five years and carries a 9.0 out of 10 guest rating across nearly 1,000 reviews on eight booking platforms. Recent capital improvements include new plumbing, new bathtubs, a newly renovated front office and manager's apartment, and a secured, gated property. That work is already done, which means a new owner steps into a clean, well-reviewed asset rather than a deferred-maintenance project.
The Inn operates on a mostly direct and repeat guest base, supported by steady institutional, correctional, and agricultural demand across the Central Valley. That mix keeps online-travel commissions low and supports steady occupancy through the year. On-site amenities include a seasonal outdoor pool, complimentary breakfast, free WiFi and parking, and a 24-hour front desk.
The offering includes 27 units, one of which is currently configured as a newly renovated manager's apartment and converts back to a rentable guest room at the buyer's discretion. Priced at $85,000 per key, the offering reflects both the operating business and the underlying real estate, with meaningful upside a buyer can choose to capture.
Detailed financials, including a recast operating statement, are available to qualified buyers upon execution of a confidentiality agreement.