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Route
66 Inn
1,295,000.00
195 West main St
Barstow, CA 92310
* Shown By Broker Appointment
Description:
Get your kicks on Route 66! Historic property located in the
heart of Barstow's Enterprise zone-on the main thoroughfare
between Las Vegas and Los Angeles. Just a short drive from Victorville,
thriving and growing desert community with the new Southern
California Logisitics airport.This Property has been used for
movies and commercials, and draws guests with it's classic and
well-recognized sign. It is a favorite of European travelers
and nostalgia buffs. 21 rooms in 5 separate buildings, plus
an owner's unit. This hostpitality establishment is ready for
a hands-on buyer! Adjoining hotel property The Torches is also
for sale and owned by same owners, who are looking to retire. |
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PropertyType Hotel/Motel
MLS# Loop Net 14826440
Year Built 1942
No. of Rooms 21
Building size 5,000
Price/Room $61,666.67
Cap Rate 9%
Cash on Cash 12%
Pool No
Spa No
Mineral Hot Springs No
Gross Income Proforma $187,792
Total Operating Expenses $75,117
Net Operating Income $112,675
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Financial:
Lease is 8% of gross receipts per year, paid $1,000 per month
until 12th month, then remainder is paid. For additional financial
information please print Confidentiality Agreement and fax to
(760) 322-9266 |
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This
information, while not guaranteed, has been obtained from sources
deemed reliable.
Buyer must verify the information and bears all risks for any
inaccuracies. |
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