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Bay View Inn 225 Harbor St 22 Room Hotel Morro Bay, CA 93442 $5,500,000 ($250,000/Room) 6.12% Cap Rate
Executive Summary
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Bay View Inn in Morro Bay, California. This 23-room coastal property is centrally located just steps from the harbor and Embarcadero, placing guests within walking distance of the town’s vibrant waterfront shops, restaurants, and iconic Morro Rock. Known for its charming small-town atmosphere, year-round tourism, and access to outdoor activities including kayaking, fishing, and hiking, Morro Bay has become a sought-after destination along the Central Coast. The Bay View Inn offers investors or owner-operators the chance to establish a presence in this thriving market with a well-positioned hospitality asset that benefits from both steady leisure travel and the area’s enduring appeal as a seaside getaway.
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- Offering Memorandum
Property Facts
| Price | $5,500,000 | Lot Size | 0.38 AC |
| Price Per Room | $250,000 | Building Size | 8,500 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Cap Rate | 6.12% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1960/2015 |
| Property Subtype | Hotel | Parking Ratio | 2.47/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $5,500,000 |
| Price Per Room | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 8,500 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2015 |
| Parking Ratio | 2.47/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 23 | $226.00 | - |
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Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 066-053-002 | Improvements Assessment | $1,503,328 |
| Land Assessment | $941,412 | Total Assessment | $2,444,740 |
Property Taxes
Parcel Number
066-053-002
Land Assessment
$941,412
Improvements Assessment
$1,503,328
Total Assessment
$2,444,740
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Bay View Inn | 225 Harbor St
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