5 Sutter St Red Bluff, CA 96080-4355

Property Details for 5 Sutter St

Year built

1966

Lot size

1.33 lot acres

Zone code

C-3

Property type

Motels

APN

035-060-054-000

APU

35060054000

Description

This exceptional investment opportunity presents the Days Inn Red Bluff, a 50-key hotel boasting a strong financial performance and significant recent renovations. Located at 5 Sutter St, Red Bluff, CA 96080, this two-story, 57,935 square foot property sits on a 57,935 square foot lot and offers a compelling return on investment. The hotel underwent a complete $2,250,000 renovation in late 2021, encompassing all guest rooms (including bathrooms, beds, TVs, plumbing, electrical, and flooring), the lobby with an upgraded breakfast area and business center, the addition of a new pool and gym, and the creation of on-site manager's quarters. Currently operating at a 72% occupancy rate, the property generates a Net Operating Income (NOI) of $430,000, translating to an 8.78% cap rate. Pro forma projections indicate a significant increase in NOI to $600,000 and a 12.26% cap rate, reflecting the property's growth potential. The asking price is $4,895,000, or $97,900 per key. The property benefits from excellent highway visibility and the potential for expansion, with an adjacent one-acre plus vacant lot also available for purchase. This fee-simple ownership presents a rare opportunity to acquire a stabilized, high-performing hotel in a desirable California location. The property is classified as a stabilized investment.