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- LoopNet Team
250 S Main St
Red Bluff, CA 96080
Gateway Inn · Hospitality Property For Sale
·
17,000 SF
INVESTMENT HIGHLIGHTS
- 34 Unit Hotel
- Great Opportunity for an Owner-Operator
- Motivated Seller, Redevelopment Opportunity, Many New Businesses and Demand Generators Entering the Area.
- Prime Location just off of Interstate 5
- Large Two-bedroom, Two-bathroom Manager's Quarters
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1951 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 1.21 AC | Corridor | Exterior |
| Building Size | 17,000 SF | ||
| Zoning | CITY | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.21 AC |
| Building Size | 17,000 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 1.41/1,000 SF |
| Corridor | Exterior |
| Zoning | CITY |
AMENITIES
- Pool
ABOUT 250 S MAIN ST , RED BLUFF, CA 96080
The Gateway Inn is a 34 unit, one-story, exterior corridor property located in Red Bluff, CA. Red Bluff is located in scenic Northern California, and is located between Redding and Sacramento, just west of Tahoe National forest. Red Bluff is the county seat of Tehama County, and had a population of 14,706 according to the 2010 census. The city is bisected by Interstate 5, which draws much traffic and business to the city. The property is conveniently located off of Interstate 5 on Main Street. The Gateway Inn is an excellent opportunity for a first time buyer or an owner-operator. The property boasts a two bedroom, two bathroom manager's quarters with a large living room and kitchen. The property is currently on a 29 year land lease, however current land lord has expressed interest in working on an extension for a new owner.
PROPERTY TAXES
| Parcel Number | 033-120-003-000 | Improvements Assessment | $516,242 |
| Land Assessment | $171,010 | Total Assessment | $687,252 |
PROPERTY TAXES
