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    518 7Th St Eureka, CA 95501

    Sponsored
    For Sale
    $9,900,000

    117-room Wyndham hotel, prime location, high growth potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Eureka Inn, a 117-key, four-story hotel in downtown Eureka, California. A Wyndham Trademark Collection property, this landmark hotel, built in 1922 and extensively renovated in 2018, boasts a rich history and iconic Elizabethan Tudor Revival architecture. Situated on a 1.32-acre lot (APN: 001-156-001-000, 004-211-002-000, 004-211-003-000), the Eureka Inn enjoys a prime location, within walking distance of shops, museums, restaurants, and the Pacific Coastline. Its proximity to Redwood National Park and educational institutions like College of the Redwoods and Cal Poly Humboldt further enhances its appeal. The hotel has shown consistent revenue growth over the past three years, currently operating at 44% of the competitive set RevPAR, indicating significant upside potential. Further revenue generation opportunities exist through the reopening of the hotel's underutilized restaurant and bar spaces. The asking price is $9,900,000. This historic property offers numerous investor incentives and presents a compelling opportunity to capitalize on its established reputation and substantial growth trajectory within a thriving coastal California market. The hotel's interior corridor design and its listing on the National Register of Historic Places add to its unique value proposition. The city of Eureka has a population exceeding 45,000 residents.

    Property Features for 518 7Th St

    General Information

    Property type
    Hotels
    Lot Size
    57,499 SF

    Building Details

    Year Built/Renovated
    1922/2018
    Buildings
    1
    Stories
    4

    HighLights

    • $9,900,000 asking price for a 117‑key hotel.
    • Wyndham‑branded, 4‑story, interior corridor hotel.
    • 1922 construction, renovated in 2018.
    • Significant revenue growth potential; currently operating at 50% of RevPAR index.
    • Prime downtown Eureka location near shops, restaurants, and tourist attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eureka Inn Trademark ... Hotel Palm lounge Bar

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.16538917346
    Latitude
    40.80031225729

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    FAQs

    What type of property is this?
    Hotel - 117-room Wyndham hotel, prime location, high growth potential.
    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: $9,900,000 asking price for a 117-key hotel.; Wyndham-branded, 4-story, interior corridor hotel.; 1922 construction, renovated in 2018.
    Request Owner's contact information
    518 7Th St Eureka, CA 95501
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    Eureka, CA 95501
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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

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    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
    518 7Th St Eureka, CA 95501
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