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    888 Main St Fort Bragg, CA 95437

    Sponsored
    For Sale
    $7,500,000

    53-Room Hotel, Prime Location

    Property size:
    25,828 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 53-key Super 8 by Wyndham hotel in Fort Bragg, CA, presents a compelling investment opportunity. Located on historic Highway 1, directly across from the Pacific Ocean, the property boasts stunning views of redwood forests and easy access to renowned Northern California attractions like Mendocino and Glass Beach. Built in 1984 and encompassing 25,828 square feet on a 1.19-acre lot, this two-story building offers significant value-add potential in a high barrier-to-entry coastal market. The hotel benefits from a strong in-place cash flow, further enhanced by rental income generated through a long-term restaurant lease. The asking price is $7,500,000, translating to $290.38 per square foot. This AAA-approved hotel represents a rare chance to acquire a recently renovated asset in a desirable location, offering a discount to replacement cost. The property's permitted zoning is N0. The property includes one building and features 53 keys. This is a unique opportunity to capitalize on the strong demand in this thriving coastal market. The property's APN is 018-120-42-00. The address is 888 S Main St, Fort Bragg, CA 95437.

    Property Features for 888 Main St

    General Information

    Property type
    Hotels
    Square Feet
    25,828 SF
    Lot Size
    51,836 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    2

    HighLights

    • Prime coastal location.
    • Highly competitive market with limited new supply.
    • Significant potential for property improvements and increased value.
    • Acquisition price below current construction costs.
    • Substantial current cash flow from operations.
    • Stable income stream from a long‑term restaurant lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Super 8 by ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Bragg
    County
    Mendocino
    State
    California
    Longitude
    -123.8055579
    Latitude
    39.4299496

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    FAQs

    What type of property is this?
    Hotel - 53-Room Hotel, Prime Location
    Where is this hotel located?
    The property is located at 888 Main St Fort Bragg, CA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: Prime coastal location.; Highly competitive market with limited new supply.; Significant potential for property improvements and increased value.
    Request Owner's contact information
    888 Main St Fort Bragg, CA 95437
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    888 Main St Fort Bragg, CA 95437
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