Joshua Grindle Inn $3,700,000

For thirty years the beautiful Joshua Grindle Inn has been number one in the hearts of the owners and the residents of Mendocino Village. Now it is top ranked in the hearts of visitors as well having earned the top spot on Trip Advisor. It is the only inn in the village of Mendocino with a AAA four star rating. These hard-earned accolades make this a fun and profitable inn to own. Ten units are spread out in three buildings on over one and a half acres. The property includes a very comfortable owners’ residence with private garden, two-car garage, work shop, private office, massage studio plus a room for the owners’ personal guests. The centerpiece is the 1870's home of Joshua Grindle and a three-story water tower. The superb layout of the property’s seven buildings creates an environment for success. The inn is located on a hill in Mendocino Village affording ocean views and privacy. With ample onsite parking the owners and inn guests leave their cars and walk to world-class dining, arts and shopping. Three State Parks and stunning North Coast beaches are just minutes away. Very well run business. Fully furnished with antiques and modern pieces as comfort requires. Property in excellent condition reflecting thirty years of successful operation. Separate Owners Residence with garage. Cash to Sellers. Excellent assumable financing in place.

Details

  • Built in 1880
  • 30 years as B&B
  • Last renovation in 2005
  • 10 Guest Rooms
  • 12 Guest Bathrooms
  • 5000 sq ft
  • Lot size: 1.60 acres
  • 2 Parking Spots
  • Has owner's quarters
  • $3,700,000
  • 55% annual. occ. rate
  • $203.00 avg daily rate
  • $447,000 gross revenue
  • $44,000 room revenue

Listing Agent

Barry Cusick
P.O. Box 14
1061 Main Street
Mendocino, CA 95460
Phone: 1.707.9375203
 Cell: 1.707.9374010
 email: bcusick2@mcn.org

Location

44800 Little Lake Road Mendocino, CA 95460

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