2425 E Merced St - Hospitality FOR SALE


Fresno, CA 93721- City Center
$6,400,000 USD
909-456-3481
2425 E Merced St, Fresno, CA for Sale
$6,400,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

2425 E Merced St
Fresno, CA 93721
City Center


HIGHLIGHTS

  • Room and Subway Restaurant Revenue Has Increased Annually Since 2022
  • Well-Maintained Property | Minimal PIP Required
  • Significant Upside with On-Site Subway Restaurant
  • Less Than a Mile from Community Regional Medical Center, Home to Central California's Highest Level of Care
  • Minutes to Fresno City Hall and Veterans Memorial Museum
  • Short Drive to California State University, Fresno (25k+ Enrollment)

OVERVIEW

Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the Dream Inn, a two-story full service hotel located in Fresno, California. The hotel's 50 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. The hotel offers several amenities including an on-site Subway Restaurant, an outdoor pool and guest laundry facilities. The on-site Subway restaurant is fully owned, and the new owner will acquire both the Subway and the hotel. The hotel is well located within walking distance to Fresno City Hall and the Community Regional Medical Center. The Dream Inn is an opportunity to acquire a hotel in a desirable market near several demand drivers. At a list price of $128,000 per guestroom (including the Subway Restaurant), the property is offered at a price below replacement cost. The hotel is pre-approved by Choice Hotels to be franchised.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$417 USD /SF

# OF ROOMS

50

PRICE/ROOM

$128,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dream Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-4

APN/PARCEL ID

466-083-14

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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Gordon AllredMarcus & MillichapMore Info
909-456-3481

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