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Fresno Inn 2570 S East Ave 120 Room Hotel Fresno, CA 93706 $4,842,425 CAD ($40,354 CAD/Room)

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Investment Highlights

Excellent South Fresno Location, easy access to Highway 99 On-Off ramps.

Absentee Ownership. Lots of upside with management /Ownership changes.

Executive Summary

"Motivated Seller". Building for Sale. Rentable Rooms are 120 Keys. Leased Fee Investment. Building & Business for Sale. Land/Ground Lease until December 31, 2070. Within walking distance to restaurants and retail, a plus for contractors and journeymen clientele. Lots of open parking for truckers and construction vehicles. Property includes a swimming pool, and numerous amenities. This is a great investment property for a hands-on, tech-marketing savvy operator.

2570 S East Ave, Fresno, CA

Property Facts

Price	$4,842,425 CAD	Building Size	31,872 SF
Price Per Room	$40,354 CAD	No. Rooms	120
Sale Type	Investment	No. Stories	2
Sale Condition	Deferred Maintenance	Year Built/Renovated	1986/2015
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	4.05/1,000 SF
Building Class	B	Corridor	Exterior
Lot Size	3.12 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CM - allows a mix of light industrial and commercial uses in areas that already have a mix of these uses

Price	$4,842,425 CAD
Price Per Room	$40,354 CAD
Sale Type	Investment
Sale Condition	Deferred Maintenance
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	3.12 AC
Building Size	31,872 SF
No. Rooms	120
No. Stories	2
Year Built/Renovated	1986/2015
Tenancy	Single
Parking Ratio	4.05/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CM - allows a mix of light industrial and commercial uses in areas that already have a mix of these uses

Pool

High Speed Internet Access

Patio

Public Access Wifi

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Guest Room	120	$96.85 CAD	-

1 1

Somewhat walkable

30/100

Exceptionally drivable

100/100

Limited public transit

30/100

Somewhat bikeable

30/100

Source: Local Logic^®

Property Taxes

Parcel Numbers	Multiple 479-310-22 479-310-10 479-310-12	Improvements Assessment	$4,813,166 CAD
Land Assessment	$1,402,066 CAD	Total Assessment	$6,215,232 CAD

Property Taxes

Parcel Numbers

Multiple

479-310-22
479-310-10
479-310-12

Land Assessment

$1,402,066 CAD

Improvements Assessment

$4,813,166 CAD

Total Assessment

$6,215,232 CAD

(951) 545-7678

Contact

Pravin Joshi
MGR Real Estate

Listing ID: 31482410
Date on Market: 2024-04-11
Last Updated:
Address: 2570 S East Ave, Fresno, CA 93706

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