598 Laine St - Hospitality FOR SALE


Monterey, CA 93940- New Monterey
$3,500,000 USD
415-606-4587
598 Laine St, Monterey, CA for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/13
null | 8.7% Cap Rate

598 Laine St
Monterey, CA 93940
New Monterey


HIGHLIGHTS

  • Consistent, strong performing inn within the always popular tourist market of Monterey
  • Located only five blocks above Monterey Bay, famous Cannery Row and the Monterey Bay Aquarium
  • Exquisite Bay Views
  • Approx. $640k in gross revenue and $300k+ in net operating income
  • Contact Kathryn Proctor at 415-606-4587 for more information. Do NOT contact manager or employees. Appointments made through Listing Broker ONLY.

OVERVIEW

Lodging Brokers Network is proud to be the exclusive listing broker of the Jabberwock Inn located in beautiful Monterey, California. Set on nearly a half-acre of gardens, this historic 1911 Craftsman-style inn provides fabulous views of the Monterey Bay with its famous sea otters and harbor seals. This upscale inn features eight guestrooms plus one additional currently unused unit that could be owner/manager quarters or potentially one additional guestroom with water credits and city approval. Permitted as a hotel, there is no requirement for an onsite owner or staff member. Guest amenities include a delicious breakfast, evening hors d’oeuvres on the sun porch, colorful gardens, a bocce ball court, exquisite bay views, and plenty of restaurants and beaches nearby. With an ideal location sitting only five blocks above Monterey Bay, famous Cannery Row and the Monterey Bay Aquarium, this presents a rare opportunity to acquire a consistent, strong performing inn within the always popular tourist market of Monterey. This beautifully maintained inn is priced at an 8.7% cap rate on the 2025 adjusted net operating income. Contact Kathryn Proctor at 415-606-4587 for more information. Do NOT contact manager or employees. Appointments made through Listing Broker ONLY. For more information, please download, complete, and return the linked Confidentiality Agreement.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$777 USD /SF

# OF ROOMS

8

PRICE/ROOM

$437,500 {currency}

CAP RATE

8.7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jabberwock Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,000 SF

ZONING

-

APN/PARCEL ID

001-068-013-000,001-068-015-000

ASK ABOUT THIS PROPERTY

Kathryn ProctorLodging Brokers NetworkMore Info
415-606-4587

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Kathryn ProctorLodging Brokers NetworkMore Info
415-606-4587

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