Exterior Corridor Hotel with
For Sale
Contact for pricing
940 W Morton Ave, Porterville, CA 93257
94-room exterior corridor hotel with a restaurant, banquet hall, and on-site apartment on 4.74 acres.
Property SizeContact for details
Lot Size4.74 Acres
Days on Market119
Property Features for 940 W Morton Ave
General Information
Standard status
Active
Lot size
4.74 Acres
Property subtype
Hospitality
Additional Details
Highway Access
Yes
Amenities
restaurant
banquet hall
2 bedroom/2 bathroom apartment
Listing Agency:
Amber Hotel Company
(818) 851-3304
Listed By:
Steve Post · License #01219756
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 12:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amber Hotel Company
Investment Insights
Based on property information with market context.
The Palm Tree Inn is a 94-unit, exterior corridor hotel with accommodations spread across one- and two-story buildings. The property includes an on-site restaurant and a banquet hall that are currently leased for additional income. The hotel also has a two-bedroom, two-bath apartment.
The asset is located just off CA-65 in central Porterville on a large 4.74 (+/-) acre lot. It also benefits from repeat contracted business. Notably, 22 of the 94 rooms are currently closed for re-roofing and other renovations.
For buyers or owner-operators, the property presents a hospitality facility with both lodging and income-generating event and dining components, alongside an active renovation program affecting a portion of the room inventory.
The asset is located just off CA-65 in central Porterville on a large 4.74 (+/-) acre lot. It also benefits from repeat contracted business. Notably, 22 of the 94 rooms are currently closed for re-roofing and other renovations.
For buyers or owner-operators, the property presents a hospitality facility with both lodging and income-generating event and dining components, alongside an active renovation program affecting a portion of the room inventory.
Key Highlights
- 94‑room exterior corridor hotel on a 4.74 (+/-) acre lot just off CA‑65 in central Porterville
- Rooms are in one- and two‑story buildings
- On‑site restaurant and banquet hall are leased for additional income
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 93257, CA
79,569
Population
25,020
Households
3.2
Avg Household Size
31
Median Age
15%
College-Educated
69%
High-School Grad
378.9 sq mi
ZIP Area
210
Density / Sq Mi
$58,261
Median Household Income
$30,344
Median Earnings
$1,086
Median Rent
$276,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 94-room exterior corridor hotel with a restaurant, banquet hall, and on-site apartment on 4.74 acres.
Where is this hotel located?
The property is located at 940 W Morton Ave Porterville, CA.
What are key features of this property?
This property features: 94‑room exterior corridor hotel on a 4.74 (+/-) acre lot just off CA‑65 in central Porterville; Rooms are in one- and two‑story buildings; On‑site restaurant and banquet hall are leased for additional income
