Stevenswood Lodge includes 10 guest suite, a 34-seat boutique restaurant, a wine bar, full service spa, detached small owner's apartment, another detached building presently used for offices/housing, plus storage and work areas.
Some guest rooms have distant ocean views. The inn is located in a wooded park like parcel on approximately 6 acres, set well back from Highway One. The inn is 2 minutes South of the historic Mendocino Village, a short walk to Van Damme State Park & beach, and a short drive from Anderson Valley wineries. The inn produced over $ 1,100,000 in gross revenue ($ 700,000 was room revenue) and over $ 425,000 in net income (gross income less ordinary expense, before debt expense) in 2011. The owner will carry-back a 2nd deed note for $ 300,000 with a down payment of $ 400,000 for qualified buyers. Combined, the note plus a first deed (SBA or conventional) loan is estimated to have a total annual debt service of less than $ 200,000. For more detailed information, a copy of the sales prospectus and arrange a showing, please call Greg Koert, Broker at (530) 470-0287 or email: greg_koert@yahoo.com
Details
- Built in 1988
- 24 years as B&B
- Last renovation in 2009
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- 10 Guest Rooms
- 12 Guest Bathrooms
- 12000 sq ft
- Lot size: 6 acres
- 30 Parking Spots
- Has owner's quarters
- Has a restaraunt
- SPA on site
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- $3,300,000
- 82.50% annual. occ. rate
- $193.00 avg daily rate
- $1,100,000 gross revenue
- $695,000 room revenue
- $250,000 rest. revenue
- $180,000 spa revenue
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Location
8211 N Highway One Mendocino Coast Little River, CA 95456
Photos (click to enlarge)
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