728 16th St | Sacramento, CA 95814
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- LoopNet Team
728 16th St
Sacramento, CA 95814
For Sale | Hotel / Section 8 / Multifamily · Hospitality Property For Sale · 81,814 SF
Investment Highlights
- Re-Purpose the building to multifamily / create "micro-units" which have an estimated rental rate of 1400 a month.
- Re-brand the building to a new hotel brand - since hotel is closed, cost to terminate the brand will be significantly reduced by the close of escrow.
- Continue to operate as a Holiday Inn Express - there are significant reductions that can be made to the expenses to improve the NOI.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1979/2020 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.18 AC | Parking Ratio | 1.35/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Building Size | 81,814 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.18 AC |
| Construction Status | Converted |
| Building Size | 81,814 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1979/2020 |
| Tenancy | Single |
| Parking Ratio | 1.35/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 002-0172-023 | Improvements Assessment | $36,354,494 |
| Land Assessment | $10,721,322 | Total Assessment | $47,075,815 |
PROPERTY TAXES
Parcel Number
002-0172-023
Land Assessment
$10,721,322
Improvements Assessment
$36,354,494
Total Assessment
$47,075,815
zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
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