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Morro Bay Recovery 2460 Main St 27 Room Hotel Morro Bay, CA 93442 $6,900,000 ($255,556/Room) 7.12% Cap Rate
Executive Summary
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Morro Bay Recovery Center, a 29-room hospitality property situated on ±1.3 acres in Morro Bay, California. Located along Main Street with convenient access to Highway 1, the property is positioned just minutes from the harbor, beaches, and the vibrant Embarcadero district. Originally built in 1953 and thoughtfully renovated, the asset spans four buildings and offers a well-maintained layout with on-site parking and additional operational components. The expansive site, strong visibility, and established infrastructure create flexibility for a variety of hospitality or specialty lodging concepts
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,900,000 | Lot Size | 1.30 AC |
| Price Per Room | $255,556 | Construction Status | Converted |
| Sale Type | Investment | Building Size | 10,586 SF |
| Cap Rate | 7.12% | No. Rooms | 27 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1953 |
| Building Class | C | Corridor | Exterior |
| Zoning | CT - Commercial | ||
| Price | $6,900,000 |
| Price Per Room | $255,556 |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.30 AC |
| Construction Status | Converted |
| Building Size | 10,586 SF |
| No. Rooms | 27 |
| No. Stories | 1 |
| Year Built | 1953 |
| Corridor | Exterior |
| Zoning | CT - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 27 | $105.00 | - |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $2,095,507 | |
| Land Assessment | $2,127,736 | Total Assessment | $4,223,243 |
Property Taxes
Parcel Numbers
Land Assessment
$2,127,736
Improvements Assessment
$2,095,507
Total Assessment
$4,223,243
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Morro Bay Recovery | 2460 Main St
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