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1010 S Union Ave
Bakersfield, CA 93307 Casa Loma

$2,899,999 USD

Hotel For Sale  •  20,425 SF

Property Details

  • Property Type Hotel
  • Total Building Size 20,425 SF
  • Lot Size 1.64 AC
  • Building Class C
  • Year Built 1960
  • Tenancy Single
  • Zoning C-2
0 Transit Score
31 Walk Score

Description

62 room motel (includes 2 suites) on a 1.64 acre lot, conveniently located near the Golden West Casino, weekly outdoor swap meet, Kern County Fair which attended by over 300,000 people every year and public transportation ensuring steady stream of guests year round. Motel is a 1 story, with mix of double bed, single bed, and suites. Property also consists of a separate welcoming reception area /reservation desk, 2 bedroom apartment for on site manager/owner to comfortable live in and laundry facilities. Also included in the sale next door is another building, which is currently being operated and leased as a Medical Office generating $6,000 a month in rental income. Sale also includes paid off solar panels that power the on site electric water heater system, that provides hot water to the entire property. Motel is currently non-operational as it requires some electrical and structural  work needed based on the changes requested by the city, due to a fire that happened in summer of 2023 at the mote. Owner has plans and permits already approved and paid for with the city. Approved plans and permits can be provided for review upon request.

Highlights

Busy street with ideal location for motel
Close to casino and swap meet (3 days a week)
Close to Kern County Fair Ground Event Center
Property has potential for a switch to senior care or health care center
Public bus stop is right outside the main entrance of the motel for easy access to public transportation

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.8 mi
AirportDriveWalkDistance
Meadows Field 19 min - 9.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 81
Type: Surface
Included in Rent: Yes
Moiz Lakdawala 661-343-9719 Keller Williams Realty
Moiz Lakdawala 661-343-9719 Keller Williams Realty