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Morro Bay Recovery 2460 Main St 29 Room Hotel Morro Bay, CA 93442 $9,377,100 CAD ($323,348 CAD/Room) 7.12% Cap Rate
Executive Summary
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Morro Bay Recovery Center, a 29-room hospitality property situated on ±1.3 acres in Morro Bay, California. Located along Main Street with convenient access to Highway 1, the property is positioned just minutes from the harbor, beaches, and the vibrant Embarcadero district. Originally built in 1953 and thoughtfully renovated, the asset spans four buildings and offers a well-maintained layout with on-site parking and additional operational components. The expansive site, strong visibility, and established infrastructure create flexibility for a variety of hospitality or specialty lodging concepts
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $9,377,100 CAD | Construction Status | Converted |
| Price Per Room | $323,348 CAD | Building Size | 10,586 SF |
| Sale Type | Investment | No. Rooms | 29 |
| Cap Rate | 7.12% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1953 |
| Property Subtype | Hotel | Parking Ratio | 3.21/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.30 AC | ||
| Zoning | CT - Commercial | ||
| Price | $9,377,100 CAD |
| Price Per Room | $323,348 CAD |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.30 AC |
| Construction Status | Converted |
| Building Size | 10,586 SF |
| No. Rooms | 29 |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 3.21/1,000 SF |
| Corridor | Exterior |
| Zoning | CT - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 29 | $142.69 CAD | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,850,539 CAD | |
| Land Assessment | $2,894,380 CAD | Total Assessment | $5,744,920 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,894,380 CAD
Improvements Assessment
$2,850,539 CAD
Total Assessment
$5,744,920 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
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Morro Bay Recovery | 2460 Main St
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