21305 E Cliff Dr - Hospitality FOR SALE


Santa Cruz, CA 95062- Eastside
$4,500,000 USD
605-228-6402
21305 E Cliff Dr, Santa Cruz, CA for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/19
null | 7.07% Cap Rate

21305 E Cliff Dr
Santa Cruz, CA 95062
Eastside


HIGHLIGHTS

  • First time on the market
  • Seller financing available for qualified investors
  • Opportunity to add several more keys by splitting the oversized rooms
  • All bathrooms have heated floors, all rooms have built-in desks and a convenient secondary sink
  • On-site manager's apartment and a laundry room with commercial washer and dryer
  • 2 blocks from the beach and minutes from the Capitola Village and Santa Cruz Beach Boardwalk

OVERVIEW

Situated along the iconic East Cliff Drive in Santa Cruz, Bella Notte Inn presents an exceptional opportunity to acquire a boutique luxury coastal hotel in one of California’s most desirable tourism markets. Built in 2007, this 10-room upscale property caters to a discerning clientele seeking relaxation and proximity to the beach, boardwalk, and downtown Santa Cruz. Bella Notte is perfectly located between the Santa Cruz Boardwalk and the Capitola Village which has been recognized as a top-rated seaside town and won best and most walkable beach towns by publications such as Elle Décor, USA Today and Sunset Magazine. In addition to the beautiful beaches and the charm of Capitola Village, Bella Notte is just minutes from a vibrant mix of restaurants, boutique shopping, and scenic parks. This independently operated, two-story hotel offers a rare combination of strong market fundamentals, desirable location, and low-density inventory. The asset includes a manager’s apartment, 12 dedicated surface parking spaces, ample storage area, and a laundry room with commercial washer and dryer units.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$407 USD /SF

# OF ROOMS

10

PRICE/ROOM

$450,000 {currency}

CAP RATE

7.07%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bella Notte Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

VA

APN/PARCEL ID

027-221-16-000

ASK ABOUT THIS PROPERTY

Ryan ClarkKW CommercialMore Info
605-228-6402

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Ryan ClarkKW CommercialMore Info
605-228-6402

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