For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

1440 Mission Dr Solvang, CA 93463

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

Charming 39-room boutique hotel in Solvang, CA.

Property Features for 1440 Mission Dr

General Information

Property type
Hotels
Lot Size
34,412 SF

Building Details

Year Built/Renovated
1968/2023
Buildings
1
Stories
2

We can help!

Listing Contact
Eddy Nevarez
Eddy Nevarez

Listing Agency: Marcus & Millichap Encino Listing Agent: Eddy Nevarez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional 39-key European-style boutique hotel, located at 1440 Mission Dr, Solvang, CA 93463, presents a compelling investment opportunity. Built in 1968 and extensively renovated in 2023, the property boasts a desirable location in the heart of Santa Barbara County's vibrant Santa Ynez Valley. The hotel sits on a 0.79-acre lot and features a two-story building. Currently operating at 60% occupancy, the hotel generates a strong Net Operating Income (NOI) of $836,140, representing a pro-forma capitalization rate of 7.96%. The asking price is $10,000,000, translating to a price per key of $269,231. Amenities include an outdoor heated pool and jacuzzi, enhancing the guest experience. This property is ideally positioned to capitalize on the thriving tourism in Solvang, offering a unique blend of European charm and Californian allure. The recent renovations ensure the hotel is well-maintained and ready to continue generating strong returns. This is a rare opportunity to acquire a profitable and well-located hotel in a sought-after destination. The property's strong financial performance and attractive amenities make it an ideal investment for discerning buyers seeking a foothold in the hospitality sector. The hotel's prime location and recent upgrades position it for continued success and growth within the thriving tourist market.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Kronborg Inn Hotel & Motel

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Solvang
County
Santa Barbara
State
California
Longitude
-120.14685
Latitude
34.594952

FAQs

What type of property is this?
Hotel - Charming 39-room boutique hotel in Solvang, CA.
Where is this hotel located?
The property is located at 1440 Mission Dr Solvang, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: $10,000,000 Asking Price; 7.96% Pro-Forma Cap Rate, $836,140 NOI, 60% Occupancy; 39-Key Boutique Hotel, recently renovated in 2023
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message