2352 Esplanade Rd - Hospitality FOR SALE


Chico, CA 95926
$2,950,000 USD
2352 Esplanade Rd, Chico, CA for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/40
null | Request Cap Rate

2352 Esplanade Rd
Chico, CA 95926


OVERVIEW

Offered at $2,950,000, the Safari Inn is your affordable opportunity at a well-known and well-located property in the high demand hospitality segment of the market. This fantastic investment in beautiful Chico, California is comprised of 51 individual rooms as well as a very spacious and comfortable Manager’s quarters. Hotel Residents can easily walk to restaurants and shopping. The location also provides easy access to highway 99 and is also just minutes from Downtown Chico as well. Many of the units have already been nicely updated with newer flooring, paint and fixtures and the property has been priced significantly below market to allow for remaining improvements to be completed. In addition to all of the benefits offered by the property itself, very attractive owner financing is also available, helping to ensure tremendous positive cash flow from day one.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$163 USD /SF

# OF ROOMS

50

PRICE/ROOM

$59,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Safari Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1900

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C2

APN/PARCEL ID

006-081-027-000

ASK ABOUT THIS PROPERTY

Daniel BoschRE/MAX Residential OfficeMore Info

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Daniel BoschRE/MAX Residential OfficeMore Info

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