940 W Morton Ave | Porterville, CA 93257
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- LoopNet Team
940 W Morton Ave
Porterville, CA 93257
Palm Tree Inn · Hospitality Property For Sale
·
23,036 SF
INVESTMENT HIGHLIGHTS
- 94 Units
- Ideal Location in Central Porterville, with Easy Access to and Visibility from CA-65
- Tremendous Upside Potential, Potential Redevelopment Opportunity
- Minimal COVID-19 Impact: January - July 2020 Room Revenue was $413,180
- Opportunity for an Owner/Operator with Onsite 2 Bed/2 Bath Manager's Quarters
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 23,036 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1956/2021 |
| Lot Size | 4.74 AC | Corridor | Exterior |
| Zoning | CH - CH | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.74 AC |
| Building Size | 23,036 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2021 |
| Corridor | Exterior |
| Zoning | CH - CH |
AMENITIES
- Restaurant
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 251-160-036-000 | Improvements Assessment | $2,001,437 |
| Land Assessment | $1,430,508 | Total Assessment | $3,431,945 |
PROPERTY TAXES
Parcel Number
251-160-036-000
Land Assessment
$1,430,508
Improvements Assessment
$2,001,437
Total Assessment
$3,431,945
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