2227 N Fremont St - Hospitality FOR SALE


Monterey, CA 93940- Villa Del Monte
$11,999,000 USD
805-807-1782
2227 N Fremont St, Monterey, CA for Sale
$11,999,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

2227 N Fremont St
Monterey, CA 93940
Villa Del Monte


HIGHLIGHTS

  • 55 Key Hotel with 1,500 sqft Manager's Quarters providing on-site living or additional revenue potential
  • 2 Commercial Retail Buildings - 100% Leased with 4 Long-Term Tenants
  • Situated on ±1.5+ Acres across two parcels, allowing for future flexibility and potential expansion
  • Value-Add Opportunity through repositioning, branding, or operational improvements
  • Minutes to Top Tourist Destinations including Monterey Bay Aquarium, Cannery Row, Fisherman's Wharf, and Del Monte Beach
  • 1 mile from Monterey Regional Airport

OVERVIEW

Western Hotel Brokers presents a rare opportunity to acquire the Red Roof Inn & Suites Monterey—a unique investment opportunity in one of California’s most desirable coastal markets. This 55-key exterior corridor property also includes a spacious 1,500 SF manager’s quarters, offering both operational convenience and added value. The offering is further enhanced by two on-site retail/commercial buildings, currently 100% leased to four long-term tenants, providing immediate, stable income alongside the hotel operations. Situated on two parcels totaling over 1.5 acres, the property offers exceptional flexibility and upside potential for investors looking to reposition, expand, or capitalize on Monterey’s strong tourism demand. Ideally located minutes from top attractions, including the Monterey Bay Aquarium, Fisherman's Wharf, Del Monte Beach, Cannery Row, and just 1 mile from Monterey Regional Airport. This asset benefits from consistent visitor traffic year-round. With multiple revenue streams, a prime location, and significant growth potential, this is a rare opportunity to acquire a well-positioned hospitality asset in Monterey. The potential here is truly unlimited. Do not disturb management. Call for details or to schedule a showing: 805-807-1782

FOR SALE DETAILS

PRICE

$11,999,000 USD

PRICE/SF

$428 USD /SF

# OF ROOMS

55

PRICE/ROOM

$218,164 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn & Suites Monterey

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1976

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,502 SF

ZONING

CR-2

APN/PARCEL ID

013-121-019-000,013-121-020-000

ASK ABOUT THIS PROPERTY

Deborah KingDeborah KingMore Info
805-807-1782

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Deborah KingDeborah KingMore Info
805-807-1782

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