Mission Bay Motel
Rare 50 Room Coastal Motel - Own a Piece of Pacific Beach History
Marketing description
OFFERS DUE WEDNESDAY, MARCH 11TH
CBRE is pleased to present for sale the Mission Bay Motel. Available for the first time in over 60 years, the property sits just one block from the Pacific Ocean in the popular Southern California coastal submarket of Pacific Beach in San Diego. With over 330 feet of street frontage, a new owner will have the opportunity to greatly influence the main corridor in one of California’s most popular beach communities.
The property features 50 rooms and sits on a corner lot totaling approximately 28,300 sf / 0.65 Acres. This prime central location serves as an ideal base for year-round visitors and residents. Sitting just steps from the Pacific Ocean, the property is walking distance to numerous amenities including the Crystal Pier and Sail Bay. The Pacific Beach Promenade Shopping Mall sits directly across the street, along with many other popular shops, restaurants and bars only a short walk away.
The property holds promise for modernization and improvement of existing hospitality operations. Subject to coastal commission review, the potential also exists for redevelopment of the site. Base zoning allows for many commercial uses in addition to residential, with a base zoning allowance of 29 units per acre.
Access deal room here: www.missionbaymotelsd.com
Investment highlights
Available for First Time in Over 60 Years
Prime Location with over 330 Feet of Frontage Along Main Corridor of Pacific Beach
50-Rooms with Significant Operational Upside
Situated One Block from the Pacific Ocean
Numerous Amenities Nearby Including Popular Shops, Dining and Bars
Zoning Allows for Many Commercial Uses and Residential at 29 Units per Acre
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