12913 Ave, Myers Flat, CA 95554
This exceptional investment opportunity presents the chance to acquire the historic Myers Inn, a 10-key hotel nestled in the heart of Humboldt Redwoods State Park, California. Situated on the renowned Avenue of the Giants, this property boasts 7,378 square feet across two buildings and two stories, built in 1867. The asking price is $1,100,000, translating to $149.09 per square foot. The property includes an owner/manager's unit and sits on a 0.29-acre lot (APN: 081-111-020-000). The permitted zoning is CH-D-F-Q. An adjacent, approximately 4,000 square foot structure offers significant potential for expansion, allowing for the addition of guest rooms, meeting spaces, or food and beverage facilities. This presents multiple revenue-generating opportunities in a high barrier-to-entry Northern California market, offering a compelling value-add investment with significant upside potential. The property's location within the state park provides a unique and desirable setting for guests. This is a rare chance to own a piece of California history and capitalize on the strong tourism market in this area. The property is classified as a hospitality investment with a hotel subtype.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.