= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Hotel & Motel For Sale, Mendocino, CA or California

Hotel / Motel For Sale

Whitegate Inn

10481 Howard Street, Mendocino, CA 95460

Price:
$1,850,000
No. Rooms:
6
Building Size:
4,200 SF
Price/Room:
$308,333.33
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6%
Average Daily Rate:
$189
Average Occupancy:
50%
No. Stories:
2
Year Built:
1880
Lot Size:
16,000 SF
Tax ID / APN #:
119-250-45
Find Out More...

Last Verified 11/21/2009 Listing ID 15581933

Highlights

Offered fully furnished with period antiques
Very Profitable

Wonderful place to live and work

Description

The Whitegate Inn located in the heart of Mendocino Village enjoys ocean views, intimate gardens and elegant interiors. For the owners it has a separate two-bedroom owners cottage with a wine room. The guests have enjoyed this in for over twenty-five years because of the spacious well-appointed rooms, common rooms and walk to everything location. Within a few minutes the owners and guests enjoy ocean beaches, bluff top parks, restaurants, galleries, and theater. Mendocino is a historic town located on a one-mile square peninsula overlooking the Pacific Ocean. Parks and forests surround the town. Great place to live and work. Sellers are very motivated.

Mendocino City. 150 miles North of San Francisco on the Pacific. The town is a National Historic Landmark on a one square mile penninsula sticking out in the ocean. The town is surrounded by parks, ocean and forrest. The Inn is in the center of town with ocean views.

Financial Summary

Actual
Year
2007
Scheduled Gross Income
$495,000
Net Operating Income
$150,000

Map of 10481 Howard Street, Mendocino, CA 95460 (Mendocino County)

Hide Map

Contact Listing Broker to find out more details.

Request additional information

Contact Listing Broker

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 2/25/2008

Additional Information for 10481 Howard Street, Mendocino, CA 95460

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 10481 Howard Street, Mendocino, CA 95460

Nearby Hotel & Motel properties for saleSearch all commercial real estate for sale

44800 Little Lake Road
$3,700,000
Joshua Grindle Inn
$3,700,000
MacCallum House Inn and Suites
$5,995,000

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Hotel & Motel Property For Sale - Whitegate Inn

10481 Howard Street, Mendocino, CA, 95460