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[SUMMARY]  [LISTINGS]

01/2020

Budget Inn
Non-Franchised (Corcoran)

EXECUTIVE SUMMARY
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  • Location: In the heart of Corcoran, approximately one hour south of Fresno. Corcoran is an important center for processing cotton, tomatoes, pistacchios, and walnuts as well as several other farm products grown in the San Juaquin Valley. A major state prison is located about five miles from city center. A good source of visitors. AMTRAK station is a few blocks away and another great source for potential guests. There is a restaurant next to the hotel open daily for lunch and dinner, a Shell gas station across the street, a hamburger café and liquor store also across the street.
     
  • Guest rooms: 44 rooms comprising 17 queens, 19 double queens, 5 double double and 1 king. The other two rooms each have a queen bed and are occupied by the father and uncle of the owner. All rooms have been nicely refurnished in 2017: new furniture, bathrooms, laminate floors, some with new air condtioning units. Many are luxurious oversized rooms, most with tub and shower units separate from spacious sink and vanity areas.
     
  • Amenities: All rooms have new flat screen tvs, refrigerators, microwaves, free WIFI, and are newly painted. The breakfast area is in the office complex. Continental breakfast is served daily. There is a fenced swimming pool.
     
  • Extras: Two bedroom, two bath living quarters with large new kitchen and living/dining room. On premises laundry. All equipment owned.
     
  • Description: One three story building with wide staircases, frame stucco construction with metal siding and roof.
     
  • Age: Approximately 30 years.
     
  • Ownership: Individual has owned since January 2017.
     
  • Land: Approximately one acre.
     
  • Asking Price: $1,800,000.
    REDUCED PRICE
     
  • BONUS: One of the bedrooms of the living quarters is upstairs and is permitted as a guest room and has an entrance to the upstairs hall. The income of the property is based on the 42 currently rentable rooms, not all 44. The property is permitted for 45 rooms.
     
PREVIOUS     LISTINGS
Julian Bills: Broker, DRE # 00532752
cell/tel: (831) 212-4526 -  email@julianbills.com
Page last modified: September 24th, 2019

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