Main Hotel | 4 S Main St
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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
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)
PROPERTY TAXES
Parcel Number | 043-072-02 | Improvements Assessment | $205,814 |
Land Assessment | $31,615 | Total Assessment | $237,429 |
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.) |
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Main Hotel | 4 S Main St
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