6 S Wood St - Hospitality FOR SALE


Salinas, CA 93905- Greater Salinas
$3,500,000 USD
831-206-2335
6 S Wood St, Salinas, CA for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/36
null | 5.7% Cap Rate

6 S Wood St
Salinas, CA 93905
Greater Salinas


HIGHLIGHTS

  • 25-unit boutique motel in Salinas, CA
  • Strong upside potential with increased occupancy (current ~40% vs. market ~75%)
  • Ideal for owner/operator — includes 2BR/2BA living quarters
  • Significant upgrades completed; minimal deferred maintenance
  • Stabilized NOI: $435,912 — 12.5% Pro Forma Cap Rate

OVERVIEW

The Western Motel presents an exceptional opportunity to acquire a 25-unit independent motel in the heart of Salinas, CA. Current occupancy averages approximately 40%, leaving significant upside potential as market occupancy trends are closer to 70–80%. Recent capital improvements include dual-pane windows, a 400-amp electrical service, updated plumbing with a water softening system, an oversized water heater, and a 15-camera security system. Each unit is equipped with A/C, and the site features 25 parking spaces, including ADA-accessible stalls and EV charging stations. The property also includes a 2-bedroom/2-bath owner’s quarters with a full kitchen, family room, and separate living room, making it ideal for hands-on operators. With integrated online booking systems and consistent ongoing maintenance, Western Motel is positioned for immediate cash flow with long-term growth potential.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$297 USD /SF

# OF ROOMS

26

PRICE/ROOM

$134,615 {currency}

CAP RATE

5.7%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Western Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

CR-FG5

APN/PARCEL ID

004-061-036-000

ASK ABOUT THIS PROPERTY

Eddie GuajardoeXp Realty of California, Inc.More Info
831-206-2335

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Eddie GuajardoeXp Realty of California, Inc.More Info
831-206-2335

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