210 Esplanade, Capitola, CA, 95010 - Available for Sale

Hotel & Motel For Sale

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Capitola Hotel

210 Esplanade, Capitola, CA 95010

$2,899,000

10 Rooms | Hotel & Motel

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Hotel / Motel For Sale

Price:
$2,899,000
No. Rooms:
10
Building Size:
1,530 SF
Price/Room:
$289,900
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
No. Stories:
2
Year Built:
1946
Corridor:
Interior
Lot Size:
1,568 SF
APN / Parcel ID:
035-221-08
Listing ID
18182687
Last Updated
5 days ago

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Highlights

  • 10 unit boutique hotel located on the Esplanade, right across the street from the beach
  • Centrally located amidst various art galleries, boutique shops, and restaurants
  • Consistent Net Operating Income of around $150,000 +/-
  • Room Revenue of $40,000 per unit
  • Property is in very good condition

Description

The Capitola Hotel is a boutique 10 unit property located in the charming beach village of Capitola, California. Having undergone major renovations over the past few years, the hotel is in excellent condition.

The Capitola Hotel itself is located in the Village amidst various art galleries, boutique stores, and restaurants. Furthermore, it is just a stone's throw away from the beach, which is bustling with people on sunny days.

Capitola is a beach village in Santa Cruz County on the Monterey Bay. A charming and attractive city in its own right, Capitola is just ten minutes away from the city of Santa Cruz, an hour away from San Jose, and an hour and a half away from San Francisco. Because of its excellent location, Capitola enjoys tourism from all over the state, country, and world.

Some of the city's local attractions are the Capitola Wharf, Capitola Village, and the beautiful scenic Capitola Beach. The Capitola Hotel itself is located in the Village amidst various art galleries, boutique stores, and restaurants. Furthermore, it is just a stone's throw away from the beach, which is bustling with people on sunny days. Capitola also hosts events such as the annual Begonia Festival and the annual Capitola Art & Wine Festival, both of which attract numerous vendors and visitors. Other attractions include the Capitola Historical Museum and the Capitola Mall.

Map of 210 Esplanade, Capitola, CA 95010 (Santa Cruz County)

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Capitola Hotel
  • Hotel & Motel
  • $2,899,000
  • 10 Rooms
  • 1,530 SF