1 Davenport Ave Davenport, CA 95017
- Hospitality properties
- 0.87 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 1 Davenport Ave
- Year built
- 1977
- Lot size
- 0.87 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 9-key hotel and restaurant, situated on a 0.87-acre lot in Davenport, CA (95017), presents a compelling investment opportunity. Built in 1977 and boasting a two-story structure, this property is zoned for commercial use and offers multiple revenue streams. Located along the scenic California coastline, approximately nine miles north of Santa Cruz, it benefits from a high barrier-to-entry market. The property's independent operation allows for flexibility and control, unlike branded hotels. This recently renovated asset offers a significant discount to replacement cost, making it an attractive acquisition for discerning investors. The property's APN is 058-082-26-000. The asking price is $3,800,000. This is a unique chance to own a thriving coastal hospitality business with significant upside potential. The property is unencumbered by brand affiliations or management contracts. This allows for maximum operational flexibility and control. The property's location in a high barrier-to-entry market ensures long-term value and stability.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Santa Cruz
- State
- California
- Longitude
- -122.194
- Latitude
- 37.0109
