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Bay View Inn 225 Harbor St 22 Room Hotel Morro Bay, CA 93442 $7,676,735 CAD ($348,942 CAD/Room) 6.12% Cap Rate
Investment Highlights
- Located steps from Embarcadero and Morro Rock, in a thriving year-round tourist destination.
- Recent interior and exterior updates completed in 2015.
- Easy access to Highway 1, connecting guests to California’s Central Coast wine region and scenic coastline.
- 23-room boutique property with a proven operating track record and steady demand.
- Positioned on 0.38 acres within walking distance of waterfront dining, shopping, and attractions.
- Offered at $5.5 million with an in-place cap rate of 6.12%, attractive for investors and owner-operators.
Executive Summary
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Bay View Inn in Morro Bay, California. This 23-room coastal property is centrally located just steps from the harbor and Embarcadero, placing guests within walking distance of the town’s vibrant waterfront shops, restaurants, and iconic Morro Rock. Known for its charming small-town atmosphere, year-round tourism, and access to outdoor activities including kayaking, fishing, and hiking, Morro Bay has become a sought-after destination along the Central Coast. The Bay View Inn offers investors or owner-operators the chance to establish a presence in this thriving market with a well-positioned hospitality asset that benefits from both steady leisure travel and the area’s enduring appeal as a seaside getaway.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $7,676,735 CAD | Lot Size | 0.38 AC |
| Price Per Room | $348,942 CAD | Building Size | 9,875 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Cap Rate | 6.12% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2015 |
| Property Subtype | Hotel | Parking Ratio | 2.13/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C-1 - Central Commercial | ||
| Price | $7,676,735 CAD |
| Price Per Room | $348,942 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 9,875 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2015 |
| Parking Ratio | 2.13/1,000 SF |
| Corridor | Exterior |
| Zoning | C-1 - Central Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 23 | $315.44 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 066-053-002 | Improvements Assessment | $2,056,553 CAD |
| Land Assessment | $1,287,852 CAD | Total Assessment | $3,344,404 CAD |
Property Taxes
Parcel Number
066-053-002
Land Assessment
$1,287,852 CAD
Improvements Assessment
$2,056,553 CAD
Total Assessment
$3,344,404 CAD
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Bay View Inn | 225 Harbor St
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