Listed by EverlyGrove Hotel Brokers
$6,900,000
Morro Bay Recovery
Details
APN 068-201-004
Property Type Hospitality
Sub Type Hotel
Square Footage 10,586
Keys 29
Pro-Forma Cap Rate 7.12%
Pro-Forma NOI $491,456
Price per SqFt $652
Year Built 1953
Year Renovated 2025
Buildings 4
Acreage 1.300
Zoning Commercial
OFFERING AT : $6,900,000 | 29 ROOMS | $237,931/ROOM
Marketing description
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Morro Bay Recovery Center, a 29-room hospitality property situated on ±1.3 acres in Morro Bay, California. Located along Main Street with convenient access to Highway 1, the property is positioned just minutes from the harbor, beaches, and the vibrant Embarcadero district. Originally built in 1953 and thoughtfully renovated, the asset spans four buildings and offers a well-maintained layout with on-site parking and additional operational components. The expansive site, strong visibility, and established infrastructure create flexibility for a variety of hospitality or specialty lodging concepts.
Listing Contacts
Listed by EverlyGrove Hotel Brokers
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