$3,200,000
400 N Sorensen AVE Calipatria, CA 92233
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$3,200,000
Est. payment /mo
32,500 SqFt
New
400 N Sorensen AVE Calipatria, CA 92233
UPDATED:
11/23/2024 06:07 PM
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Active
Purchase Type For Sale
Square Footage 32,500 sqft
Price per Sqft $98
MLS Listing ID 219120477
HOA Y/N No
Year Built 1984
Lot Size 5.000 Acres
Acres 5.0
Property Description
Calipatria Inn - A Prime Investment Opportunity in the Heart of Industry
Situated amidst thriving existing industries and poised for future growth, the Calipatria Inn offers 41 rentable rooms, including 8 suites (one featuring a Jacuzzi), 21 double-bed rooms, and 12 king singles. The property is fully operational, catering to both short- and long-term tenants, with a history of serving the local prison system, geothermal operations, agricultural businesses, and the general public.
The hotel boasts a charming Spanish-style lobby, a conference/dining area, and a fully equipped commercial kitchen. The registration office includes an on-site residential space for management, making it convenient for hands-on operation.
With plans for expanding local industries, such as geothermal energy and lithium mining, the area is expected to see significant job growth, driving increased demand for residential accommodations.
This 100% operational hotel represents an outstanding investment opportunity for a buyer looking to make strategic improvements and modernize the property. The pool, while functional, currently requires a jet motor replacement and has been drained. Not affiliated with any major hotel chains, the Calipatria Inn offers flexibility for branding or franchise opportunities. With high construction costs in today's market, purchasing this turnkey hotel allows for cost-effective upgrades to restore it to like-new condition. The sellers are offering creative financing options to accommodate buyers, making this an accessible and lucrative opportunity to invest in a growing region.
Key Features:
41 rentable rooms, including 8 suites.
Spanish-style lobby with conference and dining facilities.
Fully operational commercial kitchen.
Management residential area on-site.
Strategic location with future industry-driven demand.
Flexible financing options available.
Take advantage of this rare opportunity to own and rejuvenate a property with immense potential in a booming industrial hub.
Property has an additional vacant 3 acres on a contiguous separate parcel which is also zoned commercial and can be used for more hotel, apartment or commercial buildings.
Investment Highlights
The Calipatria Inn presents a unique opportunity for conversion into an apartment complex, capitalizing on its existing infrastructure and strategic location in a growing industrial area. With 41 rooms, including 8 suites, 21 double-bed rooms, and 12 king singles, the layout is well-suited for adaptation into a mix of studio, one-bedroom, and two-bedroom apartments. The existing amenities, such as a commercial kitchen, conference/dining area, and on-site management residential space, provide an excellent foundation for creating a community-oriented residential facility.
The hotel's Spanish-style architecture offers an appealing aesthetic for a residential conversion, with minimal structural modifications required to transform it into a desirable living space. Each room could be repurposed into a self-contained apartment, featuring modern finishes, small kitchenettes, and updated bathrooms to meet tenant needs. The spacious lobby and dining area could serve as communal spaces for residents, fostering a sense of community and adding to the property's value.
Given its location in the heart of an area poised for significant growthdriven by geothermal energy, lithium mining, and agriculturethere is increasing demand for affordable housing for local workers and families. Converting the hotel into apartments would not only meet this demand but also provide a steady income stream for investors. The pool area could be revitalized as an attractive shared amenity, while the existing on-site management quarters offer an ideal space for a property manager or staff.
The property's independence from any major hotel chain makes it an ideal candidate for redevelopment. Creative financing options offered by the sellers further enhance its appeal, enabling potential buyers to undertake the necessary improvements for the conversion at a manageable cost. With relatively low barriers to entry and strong market demand, transforming the Calipatria Inn into an apartment complex is a lucrative opportunity to create much-needed housing in a rapidly evolving region.
Situated amidst thriving existing industries and poised for future growth, the Calipatria Inn offers 41 rentable rooms, including 8 suites (one featuring a Jacuzzi), 21 double-bed rooms, and 12 king singles. The property is fully operational, catering to both short- and long-term tenants, with a history of serving the local prison system, geothermal operations, agricultural businesses, and the general public.
The hotel boasts a charming Spanish-style lobby, a conference/dining area, and a fully equipped commercial kitchen. The registration office includes an on-site residential space for management, making it convenient for hands-on operation.
With plans for expanding local industries, such as geothermal energy and lithium mining, the area is expected to see significant job growth, driving increased demand for residential accommodations.
This 100% operational hotel represents an outstanding investment opportunity for a buyer looking to make strategic improvements and modernize the property. The pool, while functional, currently requires a jet motor replacement and has been drained. Not affiliated with any major hotel chains, the Calipatria Inn offers flexibility for branding or franchise opportunities. With high construction costs in today's market, purchasing this turnkey hotel allows for cost-effective upgrades to restore it to like-new condition. The sellers are offering creative financing options to accommodate buyers, making this an accessible and lucrative opportunity to invest in a growing region.
Key Features:
41 rentable rooms, including 8 suites.
Spanish-style lobby with conference and dining facilities.
Fully operational commercial kitchen.
Management residential area on-site.
Strategic location with future industry-driven demand.
Flexible financing options available.
Take advantage of this rare opportunity to own and rejuvenate a property with immense potential in a booming industrial hub.
Property has an additional vacant 3 acres on a contiguous separate parcel which is also zoned commercial and can be used for more hotel, apartment or commercial buildings.
Investment Highlights
The Calipatria Inn presents a unique opportunity for conversion into an apartment complex, capitalizing on its existing infrastructure and strategic location in a growing industrial area. With 41 rooms, including 8 suites, 21 double-bed rooms, and 12 king singles, the layout is well-suited for adaptation into a mix of studio, one-bedroom, and two-bedroom apartments. The existing amenities, such as a commercial kitchen, conference/dining area, and on-site management residential space, provide an excellent foundation for creating a community-oriented residential facility.
The hotel's Spanish-style architecture offers an appealing aesthetic for a residential conversion, with minimal structural modifications required to transform it into a desirable living space. Each room could be repurposed into a self-contained apartment, featuring modern finishes, small kitchenettes, and updated bathrooms to meet tenant needs. The spacious lobby and dining area could serve as communal spaces for residents, fostering a sense of community and adding to the property's value.
Given its location in the heart of an area poised for significant growthdriven by geothermal energy, lithium mining, and agriculturethere is increasing demand for affordable housing for local workers and families. Converting the hotel into apartments would not only meet this demand but also provide a steady income stream for investors. The pool area could be revitalized as an attractive shared amenity, while the existing on-site management quarters offer an ideal space for a property manager or staff.
The property's independence from any major hotel chain makes it an ideal candidate for redevelopment. Creative financing options offered by the sellers further enhance its appeal, enabling potential buyers to undertake the necessary improvements for the conversion at a manageable cost. With relatively low barriers to entry and strong market demand, transforming the Calipatria Inn into an apartment complex is a lucrative opportunity to create much-needed housing in a rapidly evolving region.
Location
State CA
County Imperial
Area Calp - Calipatria
Interior
Heating Central, Forced Air, Heat Pump
Building
Lot Description Front Yard, Landscaped
Story 2
Others
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Special Listing Condition Real Estate Owned
Listed by Windermere Real Estate
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