Boutique Inn 3 Min To Monterey Bay Aquarium
Pacific Grove, CA 93950
The Old St Angela Inn · Hospitality Property For Sale · 4,454 SF

On June 12, 2020, Monterey County welcomed back tourism with hotels allowed to re-open after months of forced closures due to COVID-19. Pacific Grove commands a premier Monterey Bay destination and long has been the preferred lodging location for year-round tourists from around the world! The Old Saint Angela Inn, a Pacific Grove historic icon, remains a boutique hospitality investment opportunity! Walking distance to Monterey Bay Aquarium, this well-maintained, popular historic boutique Inn represents a Monterey Peninsula year-round occupancy "Dream Opportunity" for any serious hotelier. Overlooking California’s pristine Monterey Bay, a destination that commands a coveted steady flow of OVER 4.6M year-round visitors -- thanks to the central coast's year-round temperate climate and Monterey Peninsula's endless year-round attractions and highly-publicized special events--, for decades, the Old Saint Angela has attracted appreciative visitors from the nearby San Francisco Bay Area, Silicon Valley and far beyond who travel to this compelling marine sanctuary destination. Not only is hospitality success ensured for any hotelier, a priceless added bonus of perennial coastal real estate appreciation comes with this opportunity. Driving 85 miles south of San Francisco and only 78 miles from Silicon Valley, Scenic Highway 1 skirts California’s majestic central coast to reach the Monterey Peninsula, one of California’s perennial top tourist destinations that includes Pacific Grove's celebrated 17-mile Drive, the iconic trail that twists and turns along the coast and through the Del Monte forest, providing glimpses of famed, “must-play” golf links and the most famous Cypress tree in the world – the “Lone Cypress.” Nestled within the charming coastal Village of Pacific Grove -- neighboring both Carmel-by-the-Sea and Monterey -- sits the Old Saint Angela Inn, an intimate, classic boutique hotel sporting original hardwood floors and nine charming, uniquely-furnished guest-suites – all with private baths, some with fireplaces. Born a country craftsman-style home in 1910, tax records note that the property has 26 rooms and carries Williamson Act Tax Exemption. The long-treasured Inn, termed by one guest as “a piece of paradise,” continues to be recognized as one of Pacific Grove’s most historic icons and is featured annually in the Chamber-sponsored “Christmas at the Inns” tour. Within a block of the Old Saint Angela sits the 18-mile-long Monterey Bay Coastal Recreational Trail, a paved, waterfront path that hugs the coast and leads to Stanford University’s Hopkins Marine Station, Monterey Bay Aquarium, Cannery Row and Lover’s Point. Although the overwhelming number of fine area golf courses have long distinguished the Monterey Peninsula as an international destination for world-class golf … and “golf’s greatest zip code” … one of the “must play” courses sits only six minutes from the Inn adjacent to Lover’s Point, the historic, 18-hole Pacific Grove Golf Links. The Old Saint Angela continues decades-long hospitality traditions that include made-from-scratch breakfasts served in its light-drenched solarium, afternoon tea and home-made cookies in the adjoining patio gardens and evening hearthside wine in the Inn’s warm, inviting lobby. Private lush gardens hidden from street view, ADA-compliance, complimentary Wi-Fi and convenient free parking further welcome the Old Saint Angela’s loyal clientele. The pristine, well-maintained lodge always has benefitted from top professional innkeepers and further distinguishes itself with unusually spacious, handsomely-updated owner’s quarters that enjoy coveted views of Monterey Bay. Extra special, separate-entry owners’ quarters offer master bedroom with walk-in closet, separate study, dramatic sky lit great room opening to Bay breeze verandah, dining area off elegant, granite-counter-top, gourmet kitchen and full bath – with water-efficient TOTO commode. The approximately 5,209/SF Inn remains zoned "residential" but long has been "permitted" to operate as a commercial boutique inn. Offered at US$3,950,000! As of March 2020, Monterey County luxury single family homes are offered at an "average" list price $6,772,806, well above the list price of the commercial Old Saint Angela Inn. This "average" list price covers all of Monterey County and does not reflect the far higher market values commanded by properties close to Monterey Bay. Again, the Old Saint Angela Inn -- one block from Monterey Bay -- has always been zoned "residential" but long has held coveted hospitality permits that allow the icon to operate as a commercial boutique hospitality inn. Priced at only US$3,950,000 and well below today's average Monterey County "residential list price of $$6,772,806. The Old Saint Angela boasts 5,209/SF and 9 beds, 9 full baths, not counting the separate owners' quarters 1 bedroom and 1 full bath, is priced at only $3,950,000, a low $758/price per square foot (PPSF) ... and continues to be an iconic income-producing inn long enjoying a loyal guest following. Purchasing a “proven” commercial income-producing, nine-guest suite boutique inn overlooking Monterey Bay and steps from Monterey Bay Aquarium -- one that also boasts rare and roomy Pacific Ocean view owner’s residential quarters -- may prove to be an unusually wise investment in "paradise!" BONUS: This "boutique hospitality" investment overlooking Monterey Bay also includes priceless perennial "coastal real estate" appreciation.