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Historic Eureka Inn Hotel For Sale
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518 7th St, Eureka, CA 95501

117-room hotel in downtown Eureka, CA. Historic landmark.

Property SizeContact for details
Days on Market796

Property Features for 518 7th St

General Information

Standard status Active
Property subtype Hospitality
Zoning DT

Building Details

Year Built 1922
Listing Agency: Amber Hotel Company
Listed By: Steve Post · License #01219756
Source: Crexi
Added: Jun 5, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:36AM

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 Eureka Inn is a 117-room, 4-story interior corridor hotel located in Eureka, CA. The hotel, listed on the National Register of Historic Places, is one of the most well-known properties in northern coastal California. Originally built in 1922, the hotel has a rich history and has hosted many notable guests, including Winston Churchill and Ronald Reagan. The grand lobby features magnificent chandeliers, and the meticulously preserved Elizabethan Tudor Revival architecture reflects the hotel's history and significance. Reopened by the current owner in 2010 after a period of closure, the hotel has seen steady growth through significant renovations and a partnership with Wyndham Hotels and Resorts' Trademark Collection. The hotel has had increases in room revenue each of the last three years and is on pace for increased revenue again in 2024. The hotel is currently performing at only 44% of the competitive set RevPAR. The hotel's bar is currently operating 3–4 nights per week; another bar and the main restaurant remain closed. As a Historic Building, there are numerous incentives available for investors. The hotel is conveniently located in downtown Eureka, occupying an entire city block within walking distance of numerous museums, shops, and restaurants. Also, nearby are the campuses of College of the Redwoods and Cal Poly Humboldt. Greater Eureka has a population of over 45,000 residents.

Key Highlights

  • Historic hotel listed on the National Register of Historic Places, offering potential incentives for investors.
  • Significant revenue growth in recent years with further growth potential by reopening currently closed bar and restaurant.
  • Partnership with Wyndham Hotels and Resorts' Trademark Collection.

Property Analytics

Current Use

Eureka Inn Trademark ... Hotel & Motel Palm lounge Bar & Pub

Suggested Use

Top Pick Home Appliance Store Catering Service Pet Grooming Service Florist (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,091
Businesses Nearby

Demographics for 95501, CA

23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - 117-room hotel in downtown Eureka, CA. Historic landmark.
Where is this hotel located?
The property is located at 518 7th St Eureka, CA.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Historic hotel listed on the National Register of Historic Places, offering potential incentives for investors.; Significant revenue growth in recent years with further growth potential by reopening currently closed bar and restaurant.; Partnership with Wyndham Hotels and Resorts' Trademark Collection.
(818) 851-3304 Call to check price and availability
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