Comm Business Opportunity For Sale
3,967 Sqft - 2990 Burton Drive, CAMBRIA, California 93428
Property Description
PRICE REDUCED The inn comprises of two immaculately maintained buildings. The front building includes a reception area, breakfast area, commercial kitchen and an upstairs two bedroom innkeepers unit with living room. The rear building includes seven charmingly appointed guest rooms and a garden for guests to lounge around and enjoy the peaceful surroundings. The inn will be delivered turnkey and with zero capital expenditure for a new owner as the current owners have spent approximately $600,000 dollars in improvements to the Inn since they took over in 2014.
Basic Details
Property Type : Comm Business Opportunity
Listing Type : For Sale
Listing ID : 40939735
Price : $1,450,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,967 Sqft
Year Built : 1980
Lot Area : 11,496 Sqft
Features
Heating System : Gas
Roof : Other
Address Map
Country : US
State : CA
County : San Luis Obispo
City : CAMBRIA
Zipcode : 93428
Street : Burton Drive
Street Number : 2990
Floor Number : 0
Longitude : W122° 55' 19.7''
Latitude : N35° 33' 27.4''
MLS Addon
Office Name : MARCUS & MILLICHAP
Building Type : Comm Bus Opp
Area : All Other Counties/States
Address : 2990 Burton Drive
Cross Street : Eton Road
Directions to Property : Off Ca Hwy 1
LA1User Code : R01716942
LA1Agent First Name : DAVID
LA1Agent Last Name : NELSON
Status Category : Sold
Tot # Parking Spaces : 8
Zoning : C
List $/SqFt : $366
Age : 40
Apx Lot Sq Ft : 0 Sqft
Annual Taxes : $21,911
Total Deposits : $0
EXTERIOR : Wood Frame, Siding - Wood
FLOORING : Hardwood Floors
Business Name : J Patrick House
Business Type : Hospitality
FORM OF OWNERSHIP : Other
Year Business Started : 2014
Real Estate Included : Yes
Bus Sq Ft of Bldg : 3,967 Sqft
SALE INCLUDES : Fixtures And Equipment, Goodwill, Telephone System, Real Estate, Inventory
TENANT EXPENSE : Common Area Maintenance, Electric, Fire Insurance, Gas, Hvac Maintenance, Interior Maintenance, Janitorial, Liability Insurance, Site Maintenance, Taxes, Trash, Water, Exterior Maintenance, Roof Maintenance
LOCATION : Other
FACILITIES : Restrooms, Wheelchair Access
EXISTING LIC AND PERMITS : Business License, Restrictions
EMPLOYEES : 6 To 10
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : Yes
FINANCIAL DATA SOURCE : Provided By Owner
Ann Act Gross Inc : $309,819
Gross Oper Actual Inc : $314,879
Listing Type : Excl Right
TERMS : Conventional
Listing Service : Full Service
Special Information : None
Original Price : $1,700,000
Sold Price : $1,340,000
Previous Price : $1,700,000
Sale $/SqFt : $0
