4604 Madison Ave Sacramento, CA 95841-2515

This exceptional investment opportunity presents the leasehold interest in the 129-room La Quinta Inn & Suites Sacramento North, ideally situated at 4604 Madison Ave, Sacramento, CA 95841. Boasting 67,500 square feet on a 2.43-acre lot, this three-story, exterior-corridor hotel underwent extensive renovations in 2023, meeting all La Quinta franchise standards. Originally built in 1985, the property offers a range of amenities including a complimentary breakfast, free Wi-Fi, and free self-parking for its 131 spaces. The hotel benefits from a prime location, just a short drive from popular attractions such as Old Town Sacramento, the California State Railroad Museum, and Golden 1 Arena, as well as Discovery Park and the Sacramento and American Rivers. The property is offered unencumbered by management, presenting a compelling value-add opportunity. The leasehold interest extends until December 31, 2064, providing long-term security. This cash-flowing asset is listed at $6,500,000 ($96.30/sq ft and $50,781 per room), representing a strong return on investment. The hotel also includes a meeting room and is conveniently located near Interstate 80 and business route 80, providing easy access to major transportation arteries and a wide range of restaurants, entertainment venues, and grocery stores. The property's recent renovations and strategic location position it for continued market outperformance. The permitted zoning is TC.