Listed by EverlyGrove Hotel Brokers
$999,000
Park Motel
Details
APN 05-151-05-00-01
Property Type Hospitality
Sub Type Motel
Square Footage 4,500
Keys 15
Cap Rate 8.17%
NOI $81,652
Year Built 1938
Year Renovated 2019
Buildings 5
Stories 2
Acreage 0.230
Affordable Hospitality in the Heart of Bakersfield
Marketing description
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire The Park Motel, a well-located hospitality asset in Bakersfield, CA. Situated along a high-traffic corridor, this 15-key, 4,500-square-foot motel sits on a 0.23-acre lot, offering strong visibility and accessibility in a growing Central Valley market. Guests benefit from convenient access to local attractions, dining, and entertainment, while Bakersfield’s robust economy— driven by agriculture, oil, and transportation—further enhances the investment potential of The Park Motel.
Listing Contacts
Listed by EverlyGrove Hotel Brokers
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,652.00
$6,804.33/mo
Valuation Metrics
0
DSCR
8.17%
Cap Rate
8.17%
ROI
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