Lightyear is thrilled to present Barton Hill Hotel at 246 N Pacific Avenue, an updated SRO hotel with 17 units and four retail spaces just a few blocks from the breathtaking San Pedro Beach. This prime location is the perfect solution for nonprofit housing, long-term or short-term housing, and job training programs. With approximately 8,600 square feet of space, the building offers 17 spacious rooms on the upper floor and four retail areas on the ground floor.
Moreover, the building's value is further enhanced by a full-stack grocery store on the ground floor. This available storefront could be a local fresh food store, providing residents and the community easy access to healthy and new food options. This feature is essential for residents who may face challenges accessing affordable and nutritious food in their communities. The property's location is simply unbeatable, with the beach, ocean bluffs, Point Fermin Park, and the bustling downtown business district just a few blocks away. Nearby, a multi-million-dollar West Harbor waterfront development is currently under construction and set to be completed in the next few years, providing even more amenities and resources for the community.
This incredible investment opportunity is not to be missed! The Barton Hill Hotel is an excellent fit for Project Home Key, a program that provides housing opportunities for Californians experiencing homelessness. Alternatively, the property could be leased to buy; with its updated facilities, prime location, and community resources, the Barton Hill Hotel is ideal for anyone seeking affordable housing and community support.
