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180 S Sanborn Rd
Salinas, CA 93905 Greater Salinas

$4,950,000 USD

Hotel For Sale  •  24,107 SF

Property Details

  • Property Type Hotel
  • Total Building Size 24,107 SF
  • Lot Size 0.46 AC
  • Building Class C
  • Year Built 1988
  • Zoning CT/AT
10 Transit Score
50 Walk Score

Description

Title was cleared via non-judicial trustee's sale in May 2024. No affordability covenant, regulatory agreement, or land use restriction runs with the land. The asset is fully repositionable with H-2A agricultural workforce housing, branded or independent hotel reopening, extended-stay conversion, or multifamily conversion under existing zoning. Pricing offers a meaningful discount to California new-construction limited-service replacement cost of $225,000–$275,000 per key, supporting multiple repositioning paths at viable economics.

Highlights

Seller Financing Available
Clean Lender REO Disposition
59 Keys Below Replacement Cost
Stripped-to-Walls = Clean PIP

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.5 mi
AirportDriveWalkDistance
Monterey Regional 23 min - 16.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 59
Type: Surface
Included in Rent: Yes
Robert Feist 949-622-3406 Atlas Hospitality Group
Robert Feist 949-622-3406 Atlas Hospitality Group