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130 S E. Dana Street

Nipomo, CA 93444
  • $1,995,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: PI21251037
Price Reduced
UPDATED: 67 min ago
$1,995,000
  • 0
    BEDS
  • 1.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1887
County:

School Ratings & Info

Listing Agent(s): Kevin Beauchamp of Keller Williams Realty Central Coast (805-773-7777)


Description

Historic Victorian style boutique hotel on one acre. Over the past 20 years, Seller has invested heavily into the property, realizing a vision that maximizes available square footage for room revenues while expanding the grounds into a beautiful wedding venue, generating significant revenues and profits in addition to the hotel itself. The hotel has a combination of 6 rooms and suites, each with its own bathroom. A shared common lobby / breakfast area allows guests to relax beyond their private hotel room. Guest also can enjoy an acre of beautiful gardens with gazebos, water features and fire pits. The freehold real estate is included in the purchase price, which is located in a quickly gentrifying downtown area in the path of tremendous progress. Located conveniently near wineries, beaches, and several downtown areas, the hotel attracts guests from San Francisco and Los Angeles alike, as well as national and international travelers visiting the Central California Coast. Multi-family zoning 20 units per acre. Seller has plans for 6 condos on acre which will not impact the existing hotel operation. Perfect opportunity for a boutique hotelier expansion to the Central Coast, or a commercial builder seeking a development opportunity in addition to the existing profitable hotel operation. It is currently the only Hotel in Nipomo and one of the few grandfathered in for Events in the South County. The full prospectus will be provided on request for qualified potential buyers.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-24T22:26:33.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | KW the Lakes. Licensed in the State of California, USA.
www.cochrenrealty.com/homes/123374675
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130 S E. Dana Street Nipomo, CA 93444

  • Price: $1,995,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 67 min ago
  • ID#: PI21251037
0
Beds
0
Baths
0
½ Baths
1.03
Acres
1887
Built
Neighborhood:
NPMO - Nipomo
County:
San Luis Obispo
Area:
NPMO - Nipomo
Property Description
Historic Victorian style boutique hotel on one acre. Over the past 20 years, Seller has invested heavily into the property, realizing a vision that maximizes available square footage for room revenues while expanding the grounds into a beautiful wedding venue, generating significant revenues and profits in addition to the hotel itself. The hotel has a combination of 6 rooms and suites, each with its own bathroom. A shared common lobby / breakfast area allows guests to relax beyond their private hotel room. Guest also can enjoy an acre of beautiful gardens with gazebos, water features and fire pits. The freehold real estate is included in the purchase price, which is located in a quickly gentrifying downtown area in the path of tremendous progress. Located conveniently near wineries, beaches, and several downtown areas, the hotel attracts guests from San Francisco and Los Angeles alike, as well as national and international travelers visiting the Central California Coast. Multi-family zoning 20 units per acre. Seller has plans for 6 condos on acre which will not impact the existing hotel operation. Perfect opportunity for a boutique hotelier expansion to the Central Coast, or a commercial builder seeking a development opportunity in addition to the existing profitable hotel operation. It is currently the only Hotel in Nipomo and one of the few grandfathered in for Events in the South County. The full prospectus will be provided on request for qualified potential buyers.
Exterior Features

Entry Level 1 Fencing Wood Lot Features 16-20 Units/AcreLevel Open Parking Spaces 20 Parking Total 20 Roof Composition Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Building Name Kaleidoscope Inn Business Type Hospitality Common Interest None Current Financing Conventional Electric 220 Volts in Garage Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Owner May Carry Number Of Units Leased 6 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S) Special Listing Conditions Standard Tax Annual Amount 4556 Utilities Natural Gas ConnectedPhone ConnectedSewer Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-24T22:26:33.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | KW the Lakes. Licensed in the State of California, USA.
 
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Cochren Realty Team | KW the Lakes
25321 Railroad Canyon Rd #504
Lake Elsinore CA, 92532
Listing Agent(s): Kevin Beauchamp of Keller Williams Realty Central Coast (805-773-7777)