2371 W Broadway St | Needles, CA 92363
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2371 W Broadway St
Needles, CA 92363
Best Western Colorado River Inn · Hospitality Property For Sale · 40,000 SF
Investment Highlights
- Strong Historic Room Revenues over $2.2 Million with Operational Upside
- Minimal PIP Requirement by Best Western
- Additional Upside Opportunity Presented by Vacant Land
- Pricing Guidance Yields a 9.5% Cap Rate
- Opportunity to Lease Separate Restaurant to Local Operators
- Offered Unencumbered by Management; Fee-Simple Interest
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1992 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Lot Size | 2.54 AC | Corridor | Exterior |
| Building Size | 40,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.54 AC |
| Building Size | 40,000 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 1.74/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Pool
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Public Access Wifi
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,743,184 | |
| Land Assessment | $1,222,470 | Total Assessment | $5,965,654 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,222,470
Improvements Assessment
$4,743,184
Total Assessment
$5,965,654
zoning
| Zoning Code | C-2 |
| C-2 |
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