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Safari Inn 2352 Esplanade Rd 50 Room Hotel Chico, CA 95926 $2,950,000 ($59,000/Room)
EXECUTIVE SUMMARY
Offered at $2,950,000, the Safari Inn is your affordable opportunity at a well-known and well-located property in the high demand hospitality segment of the market. This fantastic investment in beautiful Chico, California is comprised of 51 individual rooms as well as a very spacious and comfortable Manager’s quarters.
Hotel Residents can easily walk to restaurants and shopping. The location also provides easy access to highway 99 and is also just minutes from Downtown Chico as well.
Many of the units have already been nicely updated with newer flooring, paint and fixtures and the property has been priced significantly below market to allow for remaining improvements to be completed.
In addition to all of the benefits offered by the property itself, very attractive owner financing is also available, helping to ensure tremendous positive cash flow from day one.
Hotel Residents can easily walk to restaurants and shopping. The location also provides easy access to highway 99 and is also just minutes from Downtown Chico as well.
Many of the units have already been nicely updated with newer flooring, paint and fixtures and the property has been priced significantly below market to allow for remaining improvements to be completed.
In addition to all of the benefits offered by the property itself, very attractive owner financing is also available, helping to ensure tremendous positive cash flow from day one.
PROPERTY FACTS
| Price | $2,950,000 | Building Size | 18,086 SF |
| Price Per Room | $59,000 | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1900 |
| Property Subtype | Hotel | Parking Ratio | 4.76/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.36 AC | ||
| Zoning | C2 | ||
| Price | $2,950,000 |
| Price Per Room | $59,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 18,086 SF |
| No. Rooms | 50 |
| No. Stories | 1 |
| Year Built | 1900 |
| Parking Ratio | 4.76/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 50 | $82.00 | - |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 006-081-027-000 | Improvements Assessment | $697,288 |
| Land Assessment | $142,621 | Total Assessment | $839,909 |
PROPERTY TAXES
Parcel Number
006-081-027-000
Land Assessment
$142,621
Improvements Assessment
$697,288
Total Assessment
$839,909
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