9135 Hearst Dr - Hospitality FOR SALE


San Simeon, CA 93452
$9,935,000 USD
805-704-0334
9135 Hearst Dr, San Simeon, CA for Sale
$9,935,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

9135 Hearst Dr
San Simeon, CA 93452


HIGHLIGHTS

  • Highway 1 exposure
  • Interior Corridors

OVERVIEW

EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire The Morgan Hotel in San Simeon, CA — a boutique 55-room coastal property located along the iconic Highway 1. Situated just minutes from Hearst Castle and the Pacific Ocean, the property spans two adjacent parcels totaling approximately 1.77 acres with a combined building size of nearly 29,000 square feet. Zoned Commercial Retail, The Morgan offers investors and owneroperators a rare opportunity to acquire a flexible, income producing asset in one of California’s most visited coastal corridors. The two buildings are available individually or as a combined offering at $9,935,000. The Southern Building, located at 9135 Hearst Drive, consists of 31 guest rooms on approximately 0.88 acres with a building size of 17,728 square feet. Originally built in 1986 and last renovated in 2008, this building features interior corridors, ample parking, and a strong mix of room types including ocean-view kings and queens. Its layout and condition support a variety of continued hospitality or adaptive reuse possibilities. Offered at $5,735,000 (or $185,000 per room), this asset provides immediate operational potential and long-term flexibility. The Northern Building, located at 9215 Hearst Drive, includes 24 guest rooms across 0.89 acres, with a building size of 11,320 square feet. Built in 1984 and also last renovated in 2008, this building features thoughtfully appointed rooms, interior corridors, and a nostalgic charm consistent with San Simeon’s relaxed, coastal identity. With an asking price of $4,200,000 (or $175,000 per room), the Northern Building is an ideal option for a boutique operator, investor, or group looking to expand their coastal portfolio. Ideally positioned along California’s Central Coast, San Simeon attracts millions of travelers each year with its rugged coastline, scenic hiking trails, and rich history. The Morgan benefits from excellent Highway 1 visibility and proximity to popular destinations including Hearst Castle, Elephant Seal Rookery, and Big Sur, making it a natural lodging choice for tourists exploring this breathtaking region

FOR SALE DETAILS

PRICE

$9,935,000 USD

PRICE/SF

$336 USD /SF

# OF ROOMS

55

PRICE/ROOM

$180,636 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Morgan San Simeon

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,800 SF

ZONING

CR

APN/PARCEL ID

013-031-016,013-031-018

ASK ABOUT THIS PROPERTY

Aaron GravesEverlyGroveMore Info
805-704-0334

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Aaron GravesEverlyGroveMore Info
805-704-0334

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