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California Valley Motel 12900 Soda Lake Rd

20 Room Hotel Santa Margarita, CA 93453 $2,300,000 ($115,000/Room)

Investment Highlights

  • Own the Town !
  • located 1.3± miles south of Hwy 58 on both sides of Soda Lake Road

Executive Summary

"Own the Town " Here’s your chance to own the only commercial site and facilities in the entire Carrizo Plains. The town consists of 8.7± acres of commercial land and 31± acres of Ag land surrounding the commercial site. Soda Lake City in California Valley is located 1.3± miles south of Hwy 58 on both sides of Soda Lake Road. Soda Lake Rd crosses Hwy 58 at a point, which is 47± miles east of Hwy 101 and 45± miles west of Hwy 5 and is more than 40 miles away from any town or commercial services. This commercial site consists of a 20-unit Lodge/Motel with a one-bedroom manager's apartment for a total of (7,500± sq. ft.), a restaurant, and store, (5,000 SF) and a service station (1,500± sq. ft.). All of these Buildings are operational. Included in the sale are two (never used) uninstalled Prefab Fast Food Restaurant buildings purchased in 2002, for $ 750,000.00 each. The town was completed in the early 1970’s along with the subdividing of 25,000± acres next to the town offering 7,500 -2.5± acre residential parcels. All of the town's buildings have been totally remodeled and updated to county health and fire department codes at a cost of more than $1,200,000.00 in 2011, along with additional upgrades. The well that serves the town is 500± ft. deep and produces approximately 500 gpm of drinking water.

Property Facts

Price $2,300,000
Price Per Room $115,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 7.87 AC
Building Size 10,930 SF
No. Rooms 20
No. Stories 1
Year Built 1963
Parking Ratio 13.33/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • Restaurant
  • On-Site Retail
  • High Speed Internet Access
  • Public Access Wifi
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 20 $55.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 072-141-021
  • 072-141-022
Land Assessment
$49,618
Improvements Assessment
$86,888
Total Assessment
$136,506

zoning

Zoning Code CR (Zoned for commercial and agriculture)
CR (Zoned for commercial and agriculture)
  • Listing ID: 28838166

  • Date on Market: 6/23/2023

  • Last Updated:

  • Address: 12900 Soda Lake Rd, Santa Margarita, CA 93453

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