700 Sorensen Ave Calipatria, CA 92233
- Retirement homes
- 16,983 SF
- 5.00 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 700 Sorensen Ave
- Year built
- 1994
- Lot size
- 5.00 lot acres
- Property size
- 16,983 SF
- Property type
- Retirement homes
- Property subtype
- Hospitality properties
Description
This well-maintained 41-room motel in Calipatria, CA, presents a compelling investment opportunity. Situated on a five-acre lot with 16,983 square feet of building space, the property offers significant potential for repositioning. Built in 1994, the motel boasts extensive furnishings, fixtures, and equipment (FF&E), providing a near turnkey operation. The current zoning (CP - Commercial Professional) permits "Residential Care Facilities" by right, opening doors to alternative uses such as senior housing, farmworker housing, or government-assisted housing – all significantly underserved in the area. The property's location along Highway 111 offers convenient access and proximity to major lithium extraction projects in the burgeoning "Lithium Valley," promising future growth. Approximately 3.2 acres of vacant land provide ample space for expansion or future development. The asking price is $3,500,000, with a price per square foot of $206.09. The property consists of four buildings and has a total of 41 keys. The property's APN is 023-070-003, 023-070-004. This is a rare chance to acquire a well-maintained property with substantial upside potential in a dynamic market. Buyer to conduct its own due diligence regarding zoning for its intended use.
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
- Calipatria
- County
- Imperial
- State
- California
- Longitude
- -115.514
- Latitude
- 33.1323
