2221 Fremont St | Monterey, CA 93940
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- LoopNet Team
2221 Fremont St
Monterey, CA 93940
Lone Oak Lodge · Hospitality Property For Sale
·
19,329 SF
INVESTMENT HIGHLIGHTS
- Well-located, high value, investment property in Monterey, CA.
- Hotels located in the Monterey Bay area possess significant upside potential with increasing rack / room rates.
- Solar panels installed with lease payoffs arising in June, July, August - thereafter, cash flow increases by $7,300 PM/$87,828 PY.
- Seller has invested $1,500,000 on renovations.
- Well-located on North Fremont Street off of Canyon Del Rey Boulevard - for quick access to Highway 1 and Highway 68.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1953/2023 |
| Building Class | B | Parking Ratio | 2.59/1,000 SF |
| Lot Size | 1.42 AC | Corridor | Exterior |
| Building Size | 19,329 SF | ||
| Zoning | VAF - VAF VISITOR ACCOMMODATION FACILITY DISTRICT; https://monterey.municipal.codes/Code/38_Art7 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.42 AC |
| Building Size | 19,329 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2023 |
| Parking Ratio | 2.59/1,000 SF |
| Corridor | Exterior |
| Zoning | VAF - VAF VISITOR ACCOMMODATION FACILITY DISTRICT; https://monterey.municipal.codes/Code/38_Art7 |
AMENITIES
- Business Center
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Number | 013-121-006-000 | Improvements Assessment | $7,546,875 |
| Land Assessment | $2,187,703 | Total Assessment | $9,734,578 |
PROPERTY TAXES
Parcel Number
013-121-006-000
Land Assessment
$2,187,703
Improvements Assessment
$7,546,875
Total Assessment
$9,734,578
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