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    OFF-MARKET
    Hospitality properties

    1 Davenport Ave, Davenport, CA 95017

    0.87 ac lot Built 1977
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1977
    Lot 0.87 ac (37,897 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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