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Main Hotel 4 S Main St

27 Room Hostel Lodi, CA 95240 $800,000 ($29,630/Room) 18% Cap Rate

Executive Summary

Sellers are willing to do seller financing and help with any work needed for the property for the right buyer. Call to inquire. The property is an old Hotel that is not in operation. However, it does have a business license and is zoned for short or long-term rental. This can be used for transitional housing, VA housing, or sober living. The bottom floor used to be a bar and can be used for retail, laundry facility, convenience store, etc. The owners currently live there and want to downsize. There is deferred maintenance but this property has HUUGGEE potential. The City of Lodi has elected to completely rehabilitate the entirety of Main Street. The city purchased the Hotel two doors down and is almost done remodeling it which will up the value of this hotel.

Property Facts

Price $800,000
Price Per Room $29,630
Sale Type Investment
Cap Rate 18%
Sale Conditions
Deferred Maintenance
  • High Vacancy Property
Property Type Hospitality
Property Subtype Hostel
Building Class C
Lot Size 0.12 AC
Building Size 15,000 SF
No. Rooms 27
No. Stories 3
Year Built 1925
Corridor Interior

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 27 $75.00 -
Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
043-072-02
Land Assessment
$31,615
Improvements Assessment
$205,814
Total Assessment
$237,429

zoning

Zoning Code Commercial (Zoned for a mixed use HOTEL and possible retail on the bottom floor to add revenue. Please verify with the city on possible uses.)
Commercial (Zoned for a mixed use HOTEL and possible retail on the bottom floor to add revenue. Please verify with the city on possible uses.)
  • Listing ID: 34382843

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 4 S Main St, Lodi, CA 95240

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