5241 Olive Tree Ct - Hospitality FOR SALE


Bakersfield, CA 93308- Olive Drive Area
$4,995,000 USD
661-631-3825
5241 Olive Tree Ct, Bakersfield, CA for Sale
$4,995,000 USD
Hospitality - FOR SALE
1/13
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5241 Olive Tree Ct
Bakersfield, CA 93308
Olive Drive Area


OVERVIEW

As the exclusive representative of the seller, Colliers is pleased to present for sale to qualified investors the Motel 6 Airport (the “Hotel” or “Property”), a well-located, 109-key, limited-service hotel in Bakersfield, California. This Motel 6 is being offered at $4,995,000, or approximately $45,825 per key, representing a rare value-add opportunity in a growing Central Valley market with solid operating fundamentals and long-term demand drivers. The Hotel is located at 5241 Olive Tree Ct, just off Highway 99 at Olive Dr, a major north-south California corridor that sees significant daily traffic volume and provides direct access to downtown Bakersfield and surrounding business centers. This two-story asset is only 1 mile away from Meadows Field Airport (BFL), and minutes away major event venues like Rabobank Arena, and key cultural and educational institutions, including California State University, Bakersfield. Property amenities include an outdoor pool, truck parking, vending machines, coin laundry, pet friendly accommodations, and free high-speed internet throughout. The guestroom mixes features 49 Queen rooms, 53 double bedrooms, and 7 ADA-compliant rooms.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$152 USD /SF

# OF ROOMS

109

PRICE/ROOM

$45,826 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Bakersfield, CA - Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

131

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

C2PD

APN/PARCEL ID

364-211-12-00-6

ASK ABOUT THIS PROPERTY

Kal PatelColliersMore Info
661-631-3825

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Kal PatelColliersMore Info
661-631-3825

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