1 Davenport Ave Davenport, CA 95017
- Hospitality properties
- 32,511 SF
- 0.27 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 1 Davenport Ave
- Lot size
- 0.27 lot acres
- Property size
- 32,511 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional turnkey opportunity encompasses a thriving hospitality business in the charming coastal town of Davenport, California. The property includes a 9-room hotel (with potential for expansion to 12 rooms), a highly-rated full-service restaurant voted among the top 40 along the Pacific Coast Highway, a saloon, and ample indoor and outdoor dining and event space. Recent renovations (Summer 2024) include a new roof, completely updated guest rooms (including furniture and fixtures), and refreshed interior public spaces. The property boasts stunning Monterey Bay views and direct beach access across the street. The sale includes both the real estate and the established business. A significant asset is the inclusion of a contiguous half-acre vacant lot (APN 058-082-09), zoned C-1, offering considerable development potential for expansion or mixed-use opportunities. This lot can be sold separately. The property sits on a 0.268-acre lot and totals 32,511 square feet. The high-traffic location (14,700 cars daily in peak months, per Caltrans) and nearby attractions (restaurants, bakery, 1914 Jail, 1914 concrete church, abalone farm) ensure consistent customer traffic. The asking price is $3,800,000. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a highly desirable location.
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
