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Sanborn Inn 180 S Sanborn Rd 59 Room Hotel Salinas, CA 93905 $4,950,000 ($83,898/Room)
Investment Highlights
- Seller Financing Available
- 59 Keys Below Replacement Cost
- Clean Lender REO Disposition
- Stripped-to-Walls = Clean PIP
Executive Summary
Atlas Hospitality Group is pleased to present the Sanborn Inn — a 59-unit, 17,100 SF limited-service hotel in California's most active agricultural workforce housing market. This opportunity provides a clean lender REO with vacant possession at closing — fully repositionable, free of operating obligations, and priced at a meaningful discount to California replacement cost.
Favorable Seller financing is available.
Favorable Seller financing is available.
Property Facts
About 180 S SANBORN RD , SALINAS, CA 93905
Title was cleared via non-judicial trustee's sale in May 2024. No affordability covenant, regulatory agreement, or land use restriction runs with the land. The asset is fully repositionable with H-2A agricultural workforce housing, branded or independent hotel reopening, extended-stay conversion, or multifamily conversion under existing zoning. Pricing offers a meaningful discount to California new-construction limited-service replacement cost of $225,000–$275,000 per key, supporting multiple repositioning paths at viable economics.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 59 | $76.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 003-883-027-000 | Improvements Assessment | $3,418,176 |
| Land Assessment | $4,369,680 | Total Assessment | $7,787,856 |
Property Taxes
Parcel Number
003-883-027-000
Land Assessment
$4,369,680
Improvements Assessment
$3,418,176
Total Assessment
$7,787,856
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Sanborn Inn | 180 S Sanborn Rd