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    OFF-MARKET
    Hospitality properties

    12913 Ave, Myers Flat, CA 95554

    7,378 SF Built 1867
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1867
    Total area 7,378 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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