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518 7th Street
Eureka, CA 95501 ·

104 Rooms · Hotel & Motel For Sale

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The Historic Eureka Inn

Price N/A Commission Split 6%
No. Rooms 104 No. Stories 4
Building Size 93,000 SF Year Built 1922
Property Type Hotel & Motel Lot Size 1.82 SF
Property Sub-type
Full Service
More...
  • Economy/ Limited Service
APN / Parcel ID 001-156-01
Property Use Type Vacant/Owner-User
Listing ID: 15225560 Date Created: 07/03/2007 Last Updated: 02/11/2008

Description

The Eureka Inn consists of 104 guest units, two full service restaurants, two lounges w/lic. license, three conference rooms, four retail spaces, large outdoor pool, indoor spa, two saunas, four meeting rooms, two elevators and much more. The Inn closed in 2003 due to extremely poor management. There are numerous repairs that will need to be completed prior to the reopening of the Inn. The current owners have completed numerous studies and have worked with the City of Eureka to develop a plan to assit with numerous offsite costs. As a Historic Building, there are numerous incentives available for investors. Please refer to the attached flyer for more details on Historic Tax Credits, Enterprise Zoning and potential City involvement.

Located off highway 101 in Eureka, CA. The Inn rest at the East end of the proposed F Street Performing Arts Corridor. The Eureka Inn will serve as an anchor for the Performing Arts Corridor. There have been discussions with the City of Eureka to change the main street name from F Street to Eureka Inn Way. This will be substantial as Eureka Inn Way will link Highway 101 to Downtown Eureka.

Highlights

  • Historic Tax Credit (20% credit on any improvement)
  • PKF Apraisal at 11.1 million if in operation
  • Enterprise Zone (Reduced property taxes)
  • Fee ownership one full city block
  • Redevelopment Agency monies
  • Largest conference center in the County

Research

518 7th Street, Eureka, CA 95501 (Humboldt County)

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