Turnkey Hotel and
For Sale
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315 Main Street, Ferndale, CA 95536
Fully remodeled hospitality property with guest lodging, restaurant, saloon, banquet room, and an outdoor Main Street balcony.
Property Size8,642 SF
Price / SF$138.80
Days on Market131
Property Features for 315 Main Street
General Information
Standard status
Active
Size
8,642 SF
Property subtype
Hospitality
Additional Details
Business Included
Yes
Amenities
5 guest rooms
restaurant
saloon
banquet room
Main Street balcony
EV charging
Building Details
Year Built
1875
Listing Agency:
Coldwell Banker Commercial Pacific Partners Real Estate
Listed By:
J.B. Mathers · License #CA
Source:
Crexi
Added: Jun 13
Changed: Oct 21
Last Checked: Oct 20 at 7:09PM
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 Coldwell Banker Commercial Pacific Partners Real Estate
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Investment Insights
Based on property information with market context.
The Hotel Ivanhoe is fully remodeled and presented as a turnkey hospitality property for a new owner-operator. The asset includes 5 guest rooms plus dedicated food and beverage space, including a restaurant and saloon, along with a banquet room. A Main Street balcony adds outdoor event and guest-facing space. Recent improvements include extensive interior updates, a new sump pump, and EV charging.
The property operates at 315 Main Street in Ferndale, offering a hospitality-focused layout designed to support multiple on-site income streams.
The business and related operations are included, and a liquor license is available separately, providing an additional pathway for beverage service continuity and growth within the existing restaurant and saloon concepts.
The property operates at 315 Main Street in Ferndale, offering a hospitality-focused layout designed to support multiple on-site income streams.
The business and related operations are included, and a liquor license is available separately, providing an additional pathway for beverage service continuity and growth within the existing restaurant and saloon concepts.
Key Highlights
- Hotel Ivanhoe built in 1875 with 5 guest rooms
- Hospitality property includes a restaurant, saloon, and banquet room
- Main Street balcony for guest and event use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,338
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,760
$1.0M
Cap Rate 7%
$747,686
$747.7K
Cap Rate 9%
$581,533
$581.5K
Market Conditions
NOI Build-Up for 8,642 SF
Gross rent
$129.6K $15.00/SF
− Vacancy
−$19.4K −$2.25/SF
EGI
$110.2K $12.75/SF
− OpEx
−$57.8K −$6.69/SF
NOI
$52.3K $6.06/SF
Area
Humboldt County, CA
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,760
Cap Rate 7%
$747,686
Cap Rate 9%
$581,533
Alternative Uses
Best Use
Specialty Retail
$3.09M
$2.70M – $3.60M
NOI $216,277 @ 7.0% cap · market cap 18.03%
Second Best
Hotel Hospitality
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 4.36%
Theoretical Best
Flex RnD
$3.26M
$2.86M – $3.81M
NOI $228,451 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 95536, CA
2,753
Population
1,548
Households
1.8
Avg Household Size
46
Median Age
24%
College-Educated
91%
High-School Grad
162.8 sq mi
ZIP Area
17
Density / Sq Mi
$66,563
Median Household Income
$36,948
Median Earnings
$1,239
Median Rent
$570,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Hotel - Fully remodeled hospitality property with guest lodging, restaurant, saloon, banquet room, and an outdoor Main Street balcony.
Where is this hotel located?
The property is located at 315 Main Street Ferndale, CA.
What is the asking price?
The asking price for this property is $1,199,500.
What are key features of this property?
This property features: Hotel Ivanhoe built in 1875 with 5 guest rooms; Hospitality property includes a restaurant, saloon, and banquet room; Main Street balcony for guest and event use
