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1010 S Union Ave
Bakersfield, CA 93307
Country Inn Motel · Hospitality Property For Sale · 60 Rooms
Investment Highlights
- Busy street with ideal location for motel
- Close to Kern County Fair Ground Event Center
- Public bus stop is right outside the main entrance of the motel for easy access to public transportation
- Close to casino and swap meet (3 days a week)
- Property has potential for a switch to senior care or health care center
Executive Summary
PROPERTY FACTS
| Price Per Room | $48,333 | Building Size | 20,425 SF |
| Sale Type | Investment | No. Rooms | 60 |
| Cap Rate | 8.62% | No. Stories | 1 |
| Sale Conditions | Business Value Included | Year Built | 1960 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.38/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.64 AC | Opportunity Zone |
Yes
|
| Price Per Room | $48,333 |
| Sale Type | Investment |
| Cap Rate | 8.62% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 20,425 SF |
| No. Rooms | 60 |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 1.38/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
About 1010 S Union Ave , Bakersfield, CA 93307
62 room motel (includes 2 suites) on a 1.64 acre lot, conveniently located near the Golden West Casino, weekly outdoor swap meet, Kern County Fair which attended by over 300,000 people every year and public transportation ensuring steady stream of guests year round. Motel is a 1 story, with mix of double bed, single bed, and suites. Property also consists of a separate welcoming reception area /reservation desk, 2 bedroom apartment for on site manager/owner to comfortable live in and laundry facilities. Also included in the sale next door is another building, which is currently being operated and leased as a Medical Office generating $6,000 a month in rental income. Sale also includes paid off solar panels that power the on site electric water heater system, that provides hot water to the entire property. Motel is currently non-operational as it requires some electrical and structural work needed based on the changes requested by the city, due to a fire that happened in summer of 2023 at the mote. Owner has plans and permits already approved and paid for with the city. Approved plans and permits can be provided for review upon request.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 60 | $60.00 | - |
PROPERTY TAXES
| Parcel Number | 169-180-19-00-9 | Improvements Assessment | $1,815,600 |
| Land Assessment | $367,200 | Total Assessment | $2,182,800 |
PROPERTY TAXES
zoning
| Zoning Code | C-2 (Zoning: C-2 Current Use: (Motel/Hospitality and Medical Office)) |
| C-2 (Zoning: C-2 Current Use: (Motel/Hospitality and Medical Office)) |
Learn More About Investing in Hospitality Properties
