Price is best offer. We are proud to present the rare opportunity to acquire a 24-Unit Hotel Property located near the beach on Catalina Island in the touristy destination of Avalon, CA. Catalina Island welcomes around 1 million visitors a year via Ferries, Helicopter or Private Boats and Planes. With limited opportunities for new development and rising visitor volume this value-add hotel investment opportunity provides high barriers to entry with potential for significant cash flow increases. The property is about 1/2 block to the Pacific Ocean and extremely close to shopping, restaurants, transportation, and activities. Vacant Lot (15,682 SF) next door may be available as well but is not part of this offering. Please do not contact/disturb the hotel staff regarding this offering. Property located near the beach on Catalina Island in the touristy destination of Avalon.
Listing courtesy of Please contact John Carpenter of The 949 Group.
|Price||Price Not Disclosed||No. Rooms||24|
|Property Type||Hospitality||No. Stories||4|
|Property Sub-type||Hotel||Year Built||1990|
|Building Class||B||Parking Ratio||0.21/1,000 SF|
|Sale Type||Investment||Zoning Description||C1, Avalon|
|Lot Size||0.15 AC||APN / Parcel ID||7480-018-014|
|Building Size||9,400 SF|
|Annual||Annual Per SF|