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$4,200,000
Est. payment /mo
1.16 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26200660
HOA Y/N No
Year Built 1974
Lot Size 1.160 Acres
Property Sub-Type Hotel/Motel
Property Description
46-Unit Motel-Investment / Redevelopment Opportunity!!!
Two-story, 46-unit motel with a manager's office situated on a large, approximately 50,530 SF lot, with approximately 16,653 SF of building area.
The city has shut down the motel, and it is not operational. Property is being sold strictly in its present AS-IS, where-is condition, with no repairs or improvements to be made by Seller.
This property may offer potential for conditional motel use, redevelopment as a shopping center, retail/commercial project, or other permitted use subject to all applicable governmental approvals.
The buyer is solely responsible for conducting all investigations and verifying with the appropriate City department regarding zoning, Conditional Use Permit (CUP), licenses, permits, building conditions, code requirements, redevelopment possibilities, and whether the property may legally be reopened and operated as a motel or used for any other purpose.
Seller and listing agent Broker/Agent make no representations or warranties, express or implied, regarding the physical condition of the property, existing or future use, zoning, permits, licenses, Conditional Use Permits, or the City's approval of any porposed use or redevelopment.
Two-story, 46-unit motel with a manager's office situated on a large, approximately 50,530 SF lot, with approximately 16,653 SF of building area.
The city has shut down the motel, and it is not operational. Property is being sold strictly in its present AS-IS, where-is condition, with no repairs or improvements to be made by Seller.
This property may offer potential for conditional motel use, redevelopment as a shopping center, retail/commercial project, or other permitted use subject to all applicable governmental approvals.
The buyer is solely responsible for conducting all investigations and verifying with the appropriate City department regarding zoning, Conditional Use Permit (CUP), licenses, permits, building conditions, code requirements, redevelopment possibilities, and whether the property may legally be reopened and operated as a motel or used for any other purpose.
Seller and listing agent Broker/Agent make no representations or warranties, express or implied, regarding the physical condition of the property, existing or future use, zoning, permits, licenses, Conditional Use Permits, or the City's approval of any porposed use or redevelopment.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning C
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Laundry See Remarks
Exterior
Fence Block, Chain Link
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type See Remarks
Building
Lot Description Flag Lot, Lot Over 40000 Sqft, Level, Rectangular Lot
Story 2
Water Public
Others
Tax ID 448310025
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by STEVEN SHIH KO TAI REALTY 626-487-4396, DRE #00905902
Nearby School & Business
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