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- LoopNet Team
525 Union Ave
Bakersfield, CA 93307
La Mirage Motel · Hospitality Property For Sale
·
16,127 SF
INVESTMENT HIGHLIGHTS
- 50-Room, Two-Story, Exterior Corridor Hotel
- Located 2.5 Miles from Bakersfield Municipal Airport
- Offers Significant Upside to Increase Room Revenue to be Competitive with the Market
- Priced Below Replacement Cost at $42,000 Per Key
- Property Includes Manager’s Quarters Containing Four Beds, Three Baths, Two Living Rooms, and a Kitchen
- Fee Simple, Unencumbered by a Management Contract and Debt
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1946 |
| Building Class | C | Parking Ratio | 2.36/1,000 SF |
| Lot Size | 0.83 AC | Corridor | Exterior |
| Building Size | 16,127 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 16,127 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 2.36/1,000 SF |
| Corridor | Exterior |
| Zoning | C |
ABOUT 525 UNION AVE , BAKERSFIELD, CA 93307
Property Overview: The La Mirage Motel Bakersfield is an independent hotel that includes guest room amenities such as a refrigerator, microwave, television, and select rooms include a kitchen. The exterior corridor hotel includes a lobby, laundry facility, courtyard, four storage rooms, and on-site parking in the common areas. There is also a manager’s quarters on-site that is comprised of four beds, three baths, two living rooms, and a kitchen. Location Overview: Bakersfield, California is located in the west-central part of the state and two hours north of Los Angeles. This city has diverse industries which include healthcare, education, and leisure recreation. Combined these all generate significant room demand in the region. The La Mirage Bakersfield is located at 525 Union Avenue and nearby these diverse market demand generators. The Mercy Hospital Downtown (2.4 miles) and Mercy Hospital Southwest (7.4 miles) which combined offer more than 200 beds facility. Year-round the facilities treat inpatient and outpatient services and have been caring for the community for more than 100 years. California State University, Bakersfield (6.6 miles) is an additional room demand generator in the region. The university offers over 50-degree programs and has over 85 student clubs and organizations. The student's enrollment is approximately 11,000 with over 1,200 faculty and staff. There are scholastic and sporting events throughout the year. The Historic Bakersfield Fox Theater (2.3 miles) is a sought-after venue for leisure travelers. The venue has a calendar of performance events and offers private venue rentals as well. Another popular attraction is the Kern County Museum (2.8 miles) and hosts private events as well as exhibits. Travelers are able to visit Valley Plaza (3.7 miles), retailers, and multiple restaurants within the region. The Bakersfield Municipal Airport (2.5 miles) is 200 acres and is classified as a General Aviation Airport for public use.
PROPERTY TAXES
| Parcel Number | 009-472-01-00-7 | Improvements Assessment | $911,177 |
| Land Assessment | $223,686 | Total Assessment | $1,134,863 |
PROPERTY TAXES
