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Hotel-Motel

Park Motel

821 Golden State Avenue, Bakersfield, CA 93301

Listing Price: $1,300,000

Cap Rate
10.14%
Number of Rooms
15
RevPAR
$5,250
Gross SF
10,454
Price/Room
$86,667
Price/Gross SF
$124.35
Year Built
1938

Investment Overview

Marcus and Millichap has been chosen to exclusively represent the sale of the Park Motel in the heart of Downtown, Bakersfield. The Park Motel's long history has proven how profitable this property’s location can be and you know what they say about location. Strategically located on a busy thoroughfare, adjacent to downtown and the trendy shops and restaurants of Mill Creek. This well-situated location is perhaps why The Park grossed well over 200k last year! This is a (turnkey) operation and present management will continue if selected by the new owner.

Investment Highlights

  • Spacious two bedroom manager unit, Cable TV, Internet, CCTV system
  • Recently remodeled rooms for your sleeping pleasure
  • Guest Laundry & Vending.
  • On-site motel laundry / linen facility.
  • Courtyard and guest barbecue

Exclusively Listed By

Financing By

Listing Price: $1,300,000

Cap Rate
10.14%
Number of Rooms
15
RevPAR
$5,250
Gross SF
10,454
Price/Room
$86,667
Price/Gross SF
$124.35
Year Built
1938

Investment Highlights

  • Spacious two bedroom manager unit, Cable TV, Internet, CCTV system
  • Recently remodeled rooms for your sleeping pleasure
  • Guest Laundry & Vending.
  • On-site motel laundry / linen facility.
  • Courtyard and guest barbecue

Investment Overview

Marcus and Millichap has been chosen to exclusively represent the sale of the Park Motel in the heart of Downtown, Bakersfield. The Park Motel's long history has proven how profitable this property’s location can be and you know what they say about location. Strategically located on a busy thoroughfare, adjacent to downtown and the trendy shops and restaurants of Mill Creek. This well-situated location is perhaps why The Park grossed well over 200k last year! This is a (turnkey) operation and present management will continue if selected by the new owner.

Exclusively Listed By

Financing By

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