600 Riverside Ave - Hospitality FOR SALE


Santa Cruz, CA 95060- Riverwalk
$24,000,000 USD
831-247-3007
600 Riverside Ave, Santa Cruz, CA for Sale
$24,000,000 USD
Hospitality - FOR SALE
1/79
null | Request Cap Rate

600 Riverside Ave
Santa Cruz, CA 95060
Riverwalk


HIGHLIGHTS

  • Beach Resort Vibe
  • Outdoor pool, hot tubs, patio and lounging areas
  • Inside corridors, wide hallways
  • Walk to Santa Cruz Boardwalk, Pier, Bowling Alley, Arcade
  • Pride Of Ownership, well maintained

OVERVIEW

"Pride of Ownership” apparent as you peruse this amazing “Beach Vibe” resort hotel in the Surf City of Santa Cruz California. This recently renovated property offers 80 rooms inclusive of 12 family size spacious rooms and suites, and a full-service manager living accommodations. Multiple connecting rooms and suites, two story suites and all rooms offer a patio or balcony adding to the lure of guests looking for a hotel with large clean rooms and the envy of other area hotels. Rooms are comfortable enough to accommodate two queen beds or two king beds with room to spare. A beer and wine license is in process currently. The hotel sits on 1.3 acres of space that is entirely fenced and hosting 67 parking spaces including 4 DP marked spaces. The hotel housekeeping department equipment provides the linens and towels for the hotel. The lobby offers dining area space offering a warm welcome upon arrival. Riverside Ave. and Barson St road wraps around the hotel, creating its own island feel of space and privacy.

FOR SALE DETAILS

PRICE

$24,000,000 USD

PRICE/SF

$671 USD /SF

# OF ROOMS

79

PRICE/ROOM

$303,797 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Solares

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1984

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

RTB; Santa Cruz

APN/PARCEL ID

007-421-01-000

ASK ABOUT THIS PROPERTY

Paul ZechColdwell Banker Commercial RealtyMore Info
831-247-3007

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Paul ZechColdwell Banker Commercial RealtyMore Info
831-247-3007

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