700 16th St Sacramento, CA 95814; Hotel & Motel For Sale; 13/19

700 16th St Sacramento, CA 95814; Hotel & Motel For Sale; 13/19


105 Rooms · Hotel & Motel For Sale

Price Price Not Disclosed Property Use Type Vacant/Owner-User
No. Rooms 105 No. Stories 2
Building Size 90,983 SF Lot Size 51,400 SF
Property Type Hotel & Motel

 

Description

The Property is well suited as a hotel redevelopment or renovation project given its current infrastructure. The Property is also well-suited for a ground up development project; it is currently entitled for a very attractive mixed-use development project consisting of 141 residential units averaging approximately 550 square feet per units over 10,613 square feet of ground floor retail.

The Property is comprised of one single parcel of 1.18 acres encompassing one-half city bock on H Street between 15th and 16th Street. The parcel are located directly across the street from State of California Governor’ s Mansion and represents one of the largest available land opportunities in Sacramento’ s Urban Core.

The Property also consists of one multi-story wood frame building with a wood, masonry and glass exterior formerly used as a hotel (most recently, the Clarion Hotel). The Structure was built in 1958 and originally called the Mansion Inn . In addition to the structure, the lot includ es approximately 30 parking stalls.

In addition to close proximity to a number of prominent city attractions (namely, the Convention Center and Memorial Auditorium), the Property is located within a short walk of a number of reputable amenities. Sacramento favorites like Mikuni and Lucca Restaurant & Bar are only two blocks away, while national retailers like P.F. Chang’ s, The Melting Pot, and Pieology Pizza all within 5 blocks. Additionally, if one were to walk for 10-15 minutes, all of the K Street corridor amenities would be accessible.