466 Weed Blvd Weed, CA 96094-2613
- Motels
- 2.15 lot acres
Current Use by Public Records
- Motel 6 Weed, CA - Mount Shasta / Motel / Hotel
Property Details for 466 Weed Blvd
- Lot size
- 2.15 lot acres
- Zone code
- C2
- Property type
- Motels
- APN
- 060-271-100-000
- APU
- 60271100000
Description
This exceptional investment opportunity presents the chance to acquire the Motel 6 Weed, CA, a well-situated hospitality property located at 466 N Weed Blvd, Weed, CA 96094. Priced at $5,300,000, this motel benefits from its proximity to the popular tourist destination of Mount Shasta, attracting visitors for various outdoor activities including hiking, camping, and skiing. The property's strategic location allows it to capitalize on the significant tourist traffic, particularly during peak seasons. Furthermore, the unique name of the town of Weed draws in a growing segment of cannabis enthusiasts, presenting a unique opportunity to cater to this market, subject to all applicable regulations. The demand for lodging in Weed is influenced by seasonal fluctuations, local events, and conventions, offering potential for revenue growth through strategic marketing and operational management. This established motel presents a solid foundation for a strong return on investment in a vibrant and growing market. The property's location in Siskiyou County, California, offers easy access to the natural beauty of Mount Shasta and its surrounding areas. This is a rare chance to own a well-established motel in a location with significant tourism potential and a unique market niche. Detailed financial information is available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,555,000
- 6.5%
- $4,735,000
- 7%
- $4,735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,385,000
- Geo Method
- $5,140,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,755,000
- Retail
- $4,565,000
- Mixed-Use
- $5,345,000
- Hospitality
- $4,495,000
- Educational
- $4,460,000
- Residential Income
- $4,215,000
- Energy
- $4,980,000
- Income-Based Land
- $4,670,000
- Food Service
- $5,235,000
Location Insight
- Map
- Local Demand
- City
- Weed
- County
- Siskiyou
- State
- California
- Longitude
- -122.393
- Latitude
- 41.4232