763 N Main Street, Fort Bragg, CA 95437

About this commercial property

This two-story franchise hotel has 49 rooms and has exterior corridor. It has been maintained in an excellent condition. The new owner has conducted an over millions of dollars renovation since the acquisition in 2018. Room interiors have been completely upgraded. Room rates and occupancy rates have both increased dramatically. Since the pandemic recovery, the revenue has almost doubled. The guest rooms contain a micro-fridge combo along with free WiFi. It includes a breakfast option for guests in the morning along with ample parking for larger vehicles. Also included on this property is an on-site restaurant/cafe which has an established well-known reputation that the hotel leases to. Fort Bragg is a city on California's Mendocino Coast. It's known for Glass Beach, with its shore full of colorful glass stones. The beach is part of sprawling MacKerricher State Park, which supports varied bird life and harbor seals. The Skunk Train is a steam locomotive that weaves through the redwood forests of the Noyo River Canyon. South of the center, the Mendocino Coast Botanical Gardens shelters native plants.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$4,600,000

Sold February 2023 · listed $5,950,000, on market October 2022 · MLS #NP22214828 · Source: CRMLS

Listing Agent: Ralph Liu · Listing Office: InvestorsAlly Realty · Contact: 888-388-5432 · Bought with: Tin-Jon Syiau · RAC Development Inc.

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