415-517-9856
3020 Cabrillo Hwy N, Half Moon Bay, CA for Sale
Hospitality - FOR SALE
1/27
null | Request Cap Rate

3020 Cabrillo Hwy N
Half Moon Bay, CA 94019
San Mateo-Foster City-Burlingame


HIGHLIGHTS

  • High Barrier to Entry Market
  • Property in Immaculate Condition
  • Great Upside Potential
  • Additional Studio Unit Included
  • Spacious Managers Unit Included
  • Motivated Seller

OVERVIEW

The Miramar Inn is a 2-Story, 27-unit exterior corridor hotel that has been meticulously maintained and has remained in pristine condition under the same ownership for almost 20 years. Besides the 27 units included in the offering, the hotel also includes a large one-bedroom managers’ unit as well as a spacious studio with a king bed and fully equipped kitchenette. All units include king or queen beds, coffee maker, fridge, microwave, hair dryer, individually controlled air conditioning units and bathtub/shower combinations. Guests can enjoy a complimentary continental breakfast served every morning adjacent to the front desk area consisting of fresh brewed coffee and tea, a variety of juices, cereal, pastries, yogurt and fresh fruit. The inn is a short 3-minute drive to the beach or a leisurely 10-minute walk. Having seen revenues that have historically topped over $1.1 million as an independent hotel, the inn is ready for a new, focused and energetic operator to bring revenues back to those numbers again. Aligning the hotel with a brand such as Ramada or upgrading it to an independent boutique hotel should drive up the bottom line with an increase both in occupancy and room revenue.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

27

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE MIRAMAR INN & SUITES

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C-VS

APN/PARCEL ID

048-094-320

ASK ABOUT THIS PROPERTY

Jag PatelLee & AssociatesMore Info
415-517-9856

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

Jag PatelLee & AssociatesMore Info
415-517-9856

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