4100-4120 Chiles Rd, Davis, CA 2 Properties Offered at $24,581,879 CAD in Davis, CA

Catalyst Commercial Partners presents a rare and compelling redevelopment opportunity in the heart of Davis, California — one of the most supply-constrained housing markets in the state. This offering consists of two contiguous parcels totaling 3.39 acres and 147,668 SF, comprising a fully operating 78-key hotel and a separately parceled NNN retail building, both available together as a combined acquisition.
The hotel is currently operating as a Days Inn by Wyndham, generating income from day one of ownership. The retail parcel is currently leased to national credit tenants including Sherwin-Williams and Domino's, providing additional in-place cash flow. Both parcels sit side by side along Chiles Rd with direct I-80 freeway frontage and prominent pylon signage, offering immediate income stability and significant long-term upside.
While the property performs as a going concern today, the highest and best use of this combined 3.39-acre site is widely regarded as conversion or redevelopment. The existing hotel structure — with its interior corridor layout, private bathrooms in every room, individual PTAC systems, and ~355 SF room sizes — is purpose-built for adaptive reuse. Davis's blended apartment vacancy rate currently stands at 3.5% Davis Vanguard, reflecting one of the tightest rental markets in California despite years of new supply additions. Potential conversion uses include:
-Multifamily Residential — market-rate apartments serving Davis's persistently undersupplied rental market
-Student Housing — proximate to UC Davis campus serving 40,000+ students, faculty and staff
-Graduate & Faculty Housing — an undersupplied segment not addressed by current campus development pipelines
-Workforce Housing — serving UC Davis Health, regional employers and essential workers along the I-80 corridor
-Medical & Healthcare Worker Housing — purpose-leased units for UC Davis Health medical residents, traveling nurses and hospital contractors, frequently backed by institutional master leases
-Extended-Stay & Corporate Housing — minimal conversion required; serves visiting researchers, professionals and academic program participants on semester or monthly arrangements
-Affordable Housing — eligible for California state and local incentive programs including density bonus provisions and streamlined approval pathways
-Senior Housing / Assisted Living — a high-demand use category in Yolo County with limited competitive supply and strong demographic tailwinds
-Transitional & Supportive Housing — qualifies for multiple state and federal funding programs including Project Homekey, HHAP and HCD financing
-Mixed-Use Redevelopment — ground-up or adaptive reuse combining residential with ground-floor retail across a 3.39-acre infill site
The contiguous land position across both parcels gives a buyer the scale to execute a meaningful project that standalone hotel or retail sites in this market cannot offer.
Please contact Rachna Gandhi for offering memorandum at (650) 339-6818 or at rachna.gandhi@corcoranicon.com