Hotel Development with Wedding
461 CENTRAL AVE Fillmore, CA 93015
For Sale
Contact for pricing
Iconic former chapel now operates as a leased wedding venue, with chapel classrooms suited for conversion to a hotel.
Property Size40,075 SF
Price / SF$118.53
Days on Market88
Property Features for 461 CENTRAL AVE
General Information
- Standard status
- Active
- Size
- 40,075 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1888
Listing Agency:
Marcus & Millichap - Inland Empire
(909) 456-3481
Listed By:
Gordon Allred · License #CA 00927200
Source:
Crexi
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 23 at 2:51PM
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 Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
The Fillmore on Central is an iconic former chapel property operating as a wedding venue, leased by Wedgewood Weddings. The site includes landscaped grounds and a section historically used as chapel classrooms, which can be converted into a 40-room hotel. The property also includes a 3,000 sq. ft. courtyard within the classroom area that offers room for additional outdoor development, and a 2,320 sq. ft. basement that could be adapted for a speakeasy bar, spa area, or other food and beverage option.
The property is located in Historic Downtown Fillmore with convenient access off highways 126 and 23. It is within walking distance to restaurants, shops, parks, and the Fillmore Historical Museum.
The seller requests that tours be scheduled through the listing agent, and prospective purchasers are encouraged to visit the property prior to submitting offers. Marcus & Millichap has been selected to exclusively market the property for sale.
The property is located in Historic Downtown Fillmore with convenient access off highways 126 and 23. It is within walking distance to restaurants, shops, parks, and the Fillmore Historical Museum.
The seller requests that tours be scheduled through the listing agent, and prospective purchasers are encouraged to visit the property prior to submitting offers. Marcus & Millichap has been selected to exclusively market the property for sale.
Key Highlights
- Year built: 1888; historic landmark formerly Fillmore chapel, now operating as a leased wedding venue
- Nearly 1‑acre grounds with well‑maintained landscaping for wedding‑venue operations
- Conversion potential: section used as chapel classrooms can be converted into a 40‑room hotel under Trademark Collection by Wyndham or Ascend Collection by Choice Hotels
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $721.4k | $18.00 |
| − Vacancy | −$86.6k | −$2.16 |
| EGI | $634.8k | $15.84 |
| − OpEx | −$333.3k | −$8.32 |
| NOI | $301.5k | $7.52 |
40,075 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$4.31M
$3.77M – $5.03M
NOI $301,524 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.76M
$12.04M – $16.05M
NOI $963,031 @ 7.0% cap · market cap 20.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fillmore Chapel
Wedding Service
Andrango LLC
Restaurant
FAQs
What type of property is this?
Wedding venue - Iconic former chapel now operates as a leased wedding venue, with chapel classrooms suited for conversion to a hotel.
Where is this wedding venue located?
The property is located at 461 CENTRAL AVE Fillmore, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Year built: 1888; historic landmark formerly Fillmore chapel, now operating as a leased wedding venue; Nearly 1‑acre grounds with well‑maintained landscaping for wedding‑venue operations; Conversion potential: section used as chapel classrooms can be converted into a 40‑room hotel under Trademark Collection by Wyndham or Ascend Collection by Choice Hotels
