4604 Madison Ave Sacramento, CA 95841-2515

Property Details for 4604 Madison Ave

Year built

1985

Construction

TILT-UP CONCRETE

Lot size

2.43 lot acres

Property size

51,900 SF

Zone code

TC

Property type

Motels

APN

228-0193-039-0000

APU

22801930390000

Description

This exceptional investment opportunity presents the leasehold interest in the 129-room La Quinta Inn & Suites Sacramento North, ideally situated at 4604 Madison Ave, Sacramento, CA 95841. Boasting 67,500 square feet on a 2.43-acre lot, this three-story, exterior-corridor hotel underwent extensive renovations in 2023, meeting all La Quinta franchise standards. Originally built in 1985, the property offers a range of amenities including a complimentary breakfast, free Wi-Fi, and free self-parking for its 131 spaces. The hotel benefits from a prime location, just a short drive from popular attractions such as Old Town Sacramento, the California State Railroad Museum, and Golden 1 Arena, as well as Discovery Park and the Sacramento and American Rivers. The property is offered unencumbered by management, presenting a compelling value-add opportunity. The leasehold interest extends until December 31, 2064, providing long-term security. This cash-flowing asset is listed at $6,500,000 ($96.30/sq ft and $50,781 per room), representing a strong return on investment. The hotel also includes a meeting room and is conveniently located near Interstate 80 and business route 80, providing easy access to major transportation arteries and a wide range of restaurants, entertainment venues, and grocery stores. The property's recent renovations and strategic location position it for continued market outperformance. The permitted zoning is TC.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.357

Latitude

38.6598

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments