2128 State Highway 58 Business Route E - Hospitality FOR SALE


Mojave, CA 93501
$1,100,000 USD
818-636-2765
2128 State Highway 58 Business Route E, Mojave, CA for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/18
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2128 State Highway 58 Business Route E
Mojave, CA 93501


HIGHLIGHTS

  • Absentee Owned and Managed
  • Excellent Owner Operator Potential
  • Excellent Location

OVERVIEW

Re/Max Commercial’s Hospitality Group, as the sole and exclusive agent for the owner, has been retained to offer for sale a fee simple interest in the 15-room Palm Inn in Mojave. An absentee owner, managed by a manager, is conveniently located on California State Route 58 (CA 58). Palm Inn has a two-bedroom manager’s residence, which has a tremendous upside with an owner-operator. All the rooms are fully renovated. The property features a single-story L-shaped exterior corridor building. All the TV, washer-dryer, ice machine, and a 100-gallon water heater are new. Every room is equipped with a refrigerator, TV, microwave, coffee maker, alarm clock, and hair dryer. An in-house laundry facility is available. A budget-conscious traveler gets a large, clean, comfortable room for a good night's sleep. The unflagged Aerospace Inn is conveniently situated in the heart of the Mojave Desert, on California State Route 58. It is only 1.3 miles from the Mojave Air and Space Port, which is ideal for aerospace activities and the maintenance of commercial aircraft. The inn is also within walking distance of restaurants, shopping, and convenience stores. A few other attractions include: Willow Springs International Raceway, which is only 18 miles away, Edwards Air Force Base, which is only 23 miles away, and the Edwards Flight Test Museum, which is 24 miles away.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$254 USD /SF

# OF ROOMS

15

PRICE/ROOM

$73,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,363 SF

ZONING

C-2 PD FPS

APN/PARCEL ID

236-330-04-00-7

ASK ABOUT THIS PROPERTY

Asok AgarwalRe/Max CommercialMore Info
818-636-2765

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Asok AgarwalRe/Max CommercialMore Info
818-636-2765

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