518 7Th St, Eureka, CA 95501
- Motels
- 1.32 lot acres
Current Use by Public Records
- Eureka Inn Trademark By Wyndham / Hotel & Motel
- Palm lounge / Bar & Pub
Property Details for 518 7Th St
- Lot size
- 1.32 lot acres
- Zone code
- CC-LW
- Property type
- Motels
- APN
- 001-156-001-000
- APU
- 1156001000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 31, 2014 | — | Eureka Inn LLC | Libo Zhu | Quit Claim Deed · related | $1.4M · Celtic Bank Corporation |
| Sep 11, 2009 | — | Eureka Inn LLC | Zhu,libo | Grant Deed | — |
| Sep 19, 2008 | — | Libo Zhu | Historic Hotel Group LLC | Grant Deed | $360k · Historic Hotel Grp LLC |
| Feb 6, 2004 | $2,000,000 | Park Corp | Eureka Hotel Co | Trustees Deed · related | — |
| Oct 1, 1980 | — | Eureka City Of | — | Grant Deed · related | — |
| — | — | Eureka Inn LLC | — | Deed Of Trust · related | $250k · Newman D A & A M Family Trust |
| — | — | Eureka Inn Lllc | — | Deed Of Trust · related | $450k · Newman Family Trust |
| — | — | Eureka Inn LLC | — | Deed Of Trust · related | $500k · Pao-hua Lee |
| — | — | Eureka Hotel Company | — | Deed Of Trust · related | $189k · City Of Eureka |
| Nov 30, 1938 | — | Eureka Hotel Co | — | Grant Deed · related | — |
| Sep 2, 1921 | — | Northwestern Pacific Railroad Co | — | Grant Deed · related | — |
Description
This exceptional investment opportunity presents the Eureka Inn, a 117-key, four-story hotel in downtown Eureka, California. A Wyndham Trademark Collection property, this landmark hotel, built in 1922 and extensively renovated in 2018, boasts a rich history and iconic Elizabethan Tudor Revival architecture. Situated on a 1.32-acre lot (APN: 001-156-001-000, 004-211-002-000, 004-211-003-000), the Eureka Inn enjoys a prime location, within walking distance of shops, museums, restaurants, and the Pacific Coastline. Its proximity to Redwood National Park and educational institutions like College of the Redwoods and Cal Poly Humboldt further enhances its appeal. The hotel has shown consistent revenue growth over the past three years, currently operating at 44% of the competitive set RevPAR, indicating significant upside potential. Further revenue generation opportunities exist through the reopening of the hotel's underutilized restaurant and bar spaces. The asking price is $9,900,000. This historic property offers numerous investor incentives and presents a compelling opportunity to capitalize on its established reputation and substantial growth trajectory within a thriving coastal California market. The hotel's interior corridor design and its listing on the National Register of Historic Places add to its unique value proposition. The city of Eureka has a population exceeding 45,000 residents.
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Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Humboldt
- State
- California
- Longitude
- -124.165
- Latitude
- 40.7999
- CBSA code
- 21700
- CBSA name
- EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA
