3
Active • $4,500,000 763 N Main St • Fort Bragg 95437 0 days on the market 1 units • $4,500,000/unit • 15,206 sqft • 38,093 sqft lot • $295.94/sqft • Built in 1976 Listing ID: NP19267205 On PCH heading north, the property is located on the left on the beach side in the town center area. This two-story franchise hotel has 49 rooms and has exterior corridor. It has been maintained in an excellent condition. The new owner has committed to a $2,000,000 renovation budget since the acquisition. The renovation project is currently on going. Room interiors have been upgraded. According to the owner, upon completion the room rate can increase at least $20 per night. The guest rooms contain a micro- fridge combo along with free WiFi. It includes a breakfast option for guests in the morning along with ample parking for larger vehicles. Also included on this property is an on-site restaurant/cafe that has an established well-known reputation. Fort Bragg is a booming tourist location and this hotel is in the heart of the city, which is also the largest coastal city in Mendocino County. It is situated on U.S. Highway 1, which travels along the Pacific coast throughout California. The hotel is within walking distance to the popular Glass Beach. It is also in short proximity to the prestigious Mendocino Coast Botanical Gardens. Whale Watching is one of the most popular attractions during the winter and spring as it brings thousands of visitors every year, retired senior citizens and young backpackers alike. Facts & Features • Listed On 11/18/2019 • Original List Price of $4,500,000 • 3 Buildings • Levels: Two • 0 Total parking spaces • Laundry: Common Area • 0 electric meters av ailable • 0 gas meters av ailable • 0 water meters av ailable Interior Exterior • Lot Features: 36-40 Units/Acre • Sewer: Public Sewer Annual Expenses • Total Operating Expense: $0 • Electric: $0.00 • Gas: $0 • Furniture Replacement: • Trash: $0 • Cable TV: • Gardener: • Licenses: • Insurance: $0 • Maintenance: • Workman's Comp: • Professional Management: • Water/Sewer: $0 • Other Expense: • Other Expense Description: Unit Details UNITS BEDS BATHS GARAGE FURNISHED? ACTUAL RENT TOTAL RENT PRO FORMA 1: 1 1 1 0 Furnished $0 $0 $0 # Of Units With: • Separate Electric: 0 • Gas Meters: 0 • Water Meters: 0 • Carpet: • Dishwasher: • Disposal: • Drapes: • Patio: • Ranges: • Refrigerator: • Wall AC: Additional Information • Standard sale • Mendocino County • Parcel # 0080431500
