Offered at $2,750,000, the Heritage Inn Express is a high-visibility and well-known 36 room hotel, located right in the heart of downtown Chico California. This fantastic investment provides a rare opportunity to acquire a property in the hospitality segment of the market with tremendous upside for an incoming owner/operator. With its close proximity to not only the downtown area, but also Chico State University and Enloe Hospital, the property has the potential to draw from multiple different occupant demographics. Residents can easily walk to the many shops, well-known restaurants, Thursday night Farmer's Market, concerts in the park and other opportunities that the beautiful downtown area has to offer. Many of the units have already been nicely updated with newer flooring, paint and fixtures and the property has been priced significantly below market to allow for remaining improvements to be completed. ***In addition to all of the benefits offered by the property itself, very attractive owner financing is also available, helping to ensure tremendous positive cash flow from day one.
PROPERTY DETAILS: Square Feet: 15000
LISTING AGENT: Agent: Dan Bosch | Office: Re/Max of Chico | Phone: 530-896-9300 | Email: [email protected]
LISTING INFORMATION: MLS#: SN25260097 | Status: FOR SALE
