Seaworld Ramada Limited (Investment) - San Diego, CA
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF Inquire
Asset Type Investment
Trade Type Sale
SQ. FT. Available 36,155
Date Available 01/25/2019
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Description

Commercial Asset Advisors, as the exclusive marketing advisor to the Seller, is pleased to present to qualified investors and owner-users, the outstanding opportunity to acquire the Seaworld Ramada Limited, a 63 room class B hospitality property totaling approximately 36,155 square feet square feet. Originally built in 1959, ownership has invested over $500,000 in renovations since its purchase in 2011. The hotel is currently branded as a Ramada Limited with essential amenities that include free WiFi, free parking, free hot breakfast, and guest laundry facilities. The updated and contemporary carpet-free guest rooms feature granite counter tops, mini-refrigerator, flat-screen HDTV, and plush bedding, while suites feature jetted hot tubs. The subject property is located on the south side of Midway drive and is within the City of San Diego’s Sports Arena submarket. The Midway area is centrally located among such regional recreational resource areas as the Cabrillo National Monument, the Ocean Beach Recreational area, the Old Town State recreation area and the Mission Bay Aquatic Park. Nearby attractions include miles of beaches, Belmont park, the San Diego sports arena and it is also one of the closest hospitality properties to Sea World San Diego animal theme park which averaged approximately 3.35 million annual visitors over the last two years. PROPERTY TYPE Two Story Exterior Corridor Hotel BUILDING SIZE ±36,155 SF LOT SIZE 0.83 Acres YEAR BUILT 1959 REMODELED 2011 ROOMS 60+ (5 ADDITIONAL ROOMS MAY BE ADDED) ZONING CC-1-3 (San Diego) See attached brochure for more!

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