Reduced! Coronado Apartments for Sale in Zoned Hotel/Motel
Posted by: raindrop 8 years, 3 months ago
Coronado Apartment Complex reduced to $2,800,000!
1610 Glorietta Blvd
Rare Coronado Opportunity! 8 unit apartment complex available for sale in Coronado, CA. Currently improved as apartments, this property is zoned hotel/motel and could be developed as such. The property is located next door to the Glorietta Bay Inn and is on a quiet street only 1 block to restaurants and 2 blocks to the beach.
The current mix consists of 2-2 bedroom, 1 bath apartments and 6-1 bedroom, 1 bath apartments. Property includes 7 parking spots, community BBQ area, and on-site laundry! Additionally, there is a storage unit that is currently rented with one of the 2-bedroom apartments.
Current rent roll is as follows:
|1||2 bed/1 ba||$1650|
For information on the potential development opportunities for this property, contact Dave Gillingham. Dave has developed many properties, including the nearby 1906 Lodge at Coronado Beach, which is currently the #1 Hotel and Business in Coronado on Tripadvisor.com. Dave has researched the setbacks and zoning restrictions, and projects a potential 20-unit hotel could be built on the site. Ask him about why parking makes the crucial difference in how large of a hotel that could be built.
Dave can be reached either at (619) 992-5318 or at Dave@coronado-realty.com.Share on Twitter Share on Facebook
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Latest NewsJanuary 17, 2020 FAQ Friday: Exciting New VA loan benefits! January 10, 2020 FAQ Friday: Can the Buyer back out? January 6, 2020 Restaurant Spotlight: Rosemary Trattoria - Authentic, Family Friendly Italian READ MORE
Our initial experience with you, especially with your demonstrable expertise, knowledge, and willingness to both educate and work with us regarding the market and related considerations particular to Coronado, resulted in a gratifyingly helpful and positive experience for us.—Robert R. READ MORE