Log In/Sign Up
Your email has been sent.
Cielo House Inn 2749 Spring St 24 Room Hotel Paso Robles, CA 93446 $4,750,000 ($197,917/Room) 6.40% Cap Rate
Investment Highlights
- 24-room motel located just outside downtown Paso Robles, positioned in a strong wine-country tourism market
Executive Summary
Everlygrove Hotel is pleased to present the opportunity to acquire Cielo House Inn, a 24-room hotel located in Paso Robles, California. Situated at 2749 Spring Street just outside of downtown Paso Robles, this 8,000-square-foot property sits on approximately 0.79 acres and was renovated in 2023. The offering presents a well-maintained hospitality asset in one of California’s premier wine country destinations.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,750,000 | Building Size | 8,000 SF |
| Price Per Room | $197,917 | No. Rooms | 24 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.40% | Year Built/Renovated | 1960/2023 |
| Property Type | Hospitality | Parking Ratio | 3.25/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.79 AC | ||
| Zoning | PD - Planned Development | ||
| Price | $4,750,000 |
| Price Per Room | $197,917 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 8,000 SF |
| No. Rooms | 24 |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 3.25/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | PD - Planned Development |
Amenities
- Pool
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $65.00 | - |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 008-101-001 | Improvements Assessment | $1,868,680 |
| Land Assessment | $1,040,400 | Total Assessment | $2,909,080 |
Property Taxes
Parcel Number
008-101-001
Land Assessment
$1,040,400
Improvements Assessment
$1,868,680
Total Assessment
$2,909,080
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Cielo House Inn | 2749 Spring St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.