9000 Highway 128 - Hospitality FOR SALE


Philo, CA 95466
$7,600,000 USD
707-935-2288
9000 Highway 128, Philo, CA for Sale
$7,600,000 USD
Hospitality - FOR SALE
1/50
null | 6.8% Cap Rate

9000 Highway 128
Philo, CA 95466


HIGHLIGHTS

  • Highway 128 Frontage
  • Approval for Additional Development
  • Highly Desirable Commercial Location

OVERVIEW

A confluence of two unique properties combines to create an enticing hospitality opportunity in Northern California. Located approximately two hours north of the San Francisco Bay Area in idyllic Anderson Valley, The Madrones and The Brambles offer lodging, on-site restaurant, retail space and a thriving event venue in one attractive package. Sited on two separate commercially zoned parcels, totaling approximately 14 acres, the offering includes a total of 14 luxurious guest suites, as well as complimentary retail and restaurant space with al fresco dining and tasting options within the Mediterranean themed enclave. Curated landscape design and lush gardens connect the spaces nicely. Juxtaposed below the commercial improvements, the main event and reception area resides under towering old growth Redwoods on the fringes of Indian Creek. Multiple areas of the grove are designated for event use, while the crescent pavilion offers indoor space for gatherings and food prep. Potential expansion of lodging and commercial components has been explored and preliminary approval is in place. Demand for additional guest suites in the area is present due to the low volume of existing lodging units in the area. Adjacent premium wineries include Goldeneye, Domaine Anderson, and Kendall Jackson’s flagship Pinot Noir brand, Maggy Hawk, all within walking distance of the offering. An opportunity to acquire two complementary sites, and their existing commercial enterprises in a setting which is not duplicatable is a rare occurrence. Current operations show year-over-year revenue growth with ample opportunity to scale and expand. An experience-based destination like no other.

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$403 USD /SF

# OF ROOMS

14

PRICE/ROOM

$542,857 {currency}

CAP RATE

6.8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Madrones

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

RC

APN/PARCEL ID

046-080-14-00

ASK ABOUT THIS PROPERTY

Kevin McDonaldSotheby's International RealtyMore Info
707-935-2288

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Kevin McDonaldSotheby's International RealtyMore Info
707-935-2288

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