

Listed by Century 21 Everest Union Park
$1,100,000
475 N MAIN ST
Details
APN 02-046-0-0014
Property Type Retail, Hospitality
Sub Type Motel
Square Footage 4,469
Units 8
Cap Rate 5.00%
NOI $59,898
Occupancy 74.96%
Pro-Forma Cap Rate 7.25%
Pro-Forma NOI $87,081
Year Built 1952
Buildings 3
Stories 1
Acreage 0.510
Zoning General Commercial
Parking Spaces 10 spaces
Parking per 1,000 SqFt 2.24
Investment Type Redevelopment
Ground Lease No
Opportunity Zone: Cash-flowing 8-unit motel + a 2,040 SF Home, Garage, and Office. Zoned GC
Marketing description
Villa Motel presents a unique investment opportunity featuring a cash-flowing 8-unit motel, a 2,040-square-foot residence, and multiple accessory improvements on a 0.51-acre General Commercial parcel. Existing improvements include approximately 1,600 square feet of motel space, a 380-square-foot garage/storage building, an 80-square-foot office, and a 370-square-foot barn, leaving substantial excess land available for future development or expansion. With dual street access from Main Street and 50 W, flexible General Commercial zoning, underutilized residential space-including a full walkout basement with kitchen-and a location within a Qualified Opportunity Zone, the property offers immediate cash flow with multiple opportunities to increase revenue through redevelopment, expansion, or additional income-producing uses.
Investment highlights
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Listed by Century 21 Everest Union Park
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,898.00
$4,991.50/mo
Valuation Metrics
0
DSCR
5.45%
Cap Rate
5.45%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 114 uses
View all 114 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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