Listed by Kevin Beauchamp, Keller Williams Realty Central Coast,

130 E Dana Street

Nipomo, CA, 93444

$1,699,000

$377 per ft²
$1,699,000
$377 per ft²
Active
Active
 - For Sale
carpenters-square
4,500 ft²
property_type
Commercial
calendar
Built 1887
Historic Victorian style boutique hotel on one acre. Over the past 20 years, Seller has invested heavily into the property, realizing a vision that maximizes available square footage for room revenues while expanding the grounds into a beautiful wedding venue, generating significant revenues and profits in addition to the hotel itself. The hotel has a combination of 6 rooms and suites, each with its own bathroom. A shared common lobby / breakfast area allows guests to relax beyond their private hotel room. Guest also can enjoy an acre of beautiful gardens with gazebos, water features and fire pits. The freehold real estate is included in the purchase price, which is located in a quickly gentrifying downtown area in the path of tremendous progress. Located conveniently near wineries, beaches, and several downtown areas, the hotel attracts guests from San Francisco and Los Angeles alike, as well as national and international travelers visiting the Central California Coast. Multi-family zoning 20 units per acre. Seller has plans for 6 condos on ½ acre which will not impact the existing hotel operation. Perfect opportunity for a boutique hotelier expansion to the Central Coast, or a commercial builder seeking a development opportunity in addition to the existing profitable hotel operation. It is currently the only Hotel in Nipomo and one of the few grandfathered in for Events in the South County. The full prospectus will be provided on request for qualified potential buyers.
MLS® ID:
PI22020791
Listed:
12/15/21
Updated:
8/11/22

Exterior/Building Features

Lot Size
1.03 acres lot

Other Property Details

Area Name
NPMO - Nipomo
Garage
No
Parking
N
Parking Total
15.0
View
N
County
San Luis Obispo
Pool
No
Zoning
Multi Family

Property History

Date
Event
Price
Value
5/11/22
Price Change
$1,699,000
-5%
3/16/22
Price Change
$1,799,000
-2%
2/11/22
Price Change
$1,850,000
-5%

 

Listed by Kevin Beauchamp, Keller Williams Realty Central Coast,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/11/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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