1140 Morse BlvdSan Carlos, CA 94070

This exceptional 10-key hotel, the San Carlos Inn, presents a compelling investment opportunity. Located at 1140 Morse Blvd, San Carlos, CA 94070, this two-story, 3,360 square foot property sits on a 5,000 square foot lot and boasts a 7.90% pro-forma cap rate, generating a pro-forma NOI of $213,212. Built in 1960, the property is zoned MU-D-120 and includes seven on-site parking spaces. The asking price is $2,700,000 ($803.57 per square foot). Its prime downtown location, between El Camino and Laurel St, offers unparalleled convenience with nearby restaurants, shops, and public transit, providing easy access to the entire Bay Area. The surrounding area is experiencing significant growth and development, promising long-term success and increased property value. The San Carlos Inn offers high potential for revenue growth through the addition of amenities and services. This is a rare chance to acquire a well-situated hotel in a thriving California community. The property's APN is 051-358-230.