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JUST SOLD - River Lodge Motel & Development Paso Robles

Dec 23, 2015

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JUST SOLD - River Lodge Motel & Development Paso Robles JUST SOLD - River Lodge Motel & Development Paso Robles
Investment Highlights
  • Prime Paso Robles Wine Country location
  • Excellent redevelopment opportunity with +/- 2.0 acres of land
  • Great viability and access from Hwy 101 - daily traffic count of over 50,000
  • Existing in-place cash flow
  • Large manager's unit with private yard
Location Information
The River Lodge Motel is located in Paso Robles Wine Country, home to over 250 wineries. Located along California's famed Central Coast, the region produces over 40 wine grape varieties, most notably Zinfandel.
Paso Robles sits halfway between Los Angeles and the San Francisco Bay Area, with direct access to the San Joaquin Valley and Interstate 5. Neighboring towns include San Simeo, home to Hearst Castle, Cambria and Morro Bay.
Atlas Hospitality Group is pleased announce the sale of the River Lodge Paso Robles. The property was sold as a redevelopment opportunity. The approximately two-acre site benefits from great access and visibility from Highway 101 at Highway 46 West in the heart of Paso Robles Wine Country.
The existing motel was built circa the 1950's. It features 22 guestrooms, a 2-bedroom, 1.5-bathroom manager's unit and a pool.
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