Murphys Hotel in Murphys, California is a landmark property in California. There are three buildings. The two modern buildings have 20 conventional hotel rooms. One is a one story building with 8 exterior corridor rooms and the other modern building is two stories with 12 exterior corridor rooms.
The third building was built in 1856 and is one of the oldest hotels still operating in California. It has 9 historic interior corridor guest rooms which have accommodated the likes of Ulysses S. Grant, Mark Twain, William Randolph Hearst and J. P. Morgan. The historic building is registered as a California Historic Landmark (#267) and is listed in the National Register of Historic Places. There are tax and other benefits to this historic designation. In addition to the 9 historic rooms, the third building has a restaurant, a bar, a banquet room and an office.
There is undeveloped land behind this property which is owned by the same owner and is available separately for additional development.
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Overview:
Murphys Hotel & Lodge
457 Main Street
Murphys, CA
- Re-Priced from $4,250,000 to $3,600,000
- Outstanding Cash Flow; Total Revenue over $2,000,000; Cap Rate over 12%
- In the Center of Murphys, CA - 80 Miles SE of Sacramento
- 20 Modern Rooms plus 9 Historic Rooms, Restaurant, Bar, over 2 Acres
- Assumable Financing - plus Owner may Carry Additional Financing
- One of the Three Buildings is Historic and can Provide a New Owner with Special Tax and Other Benefits
- Asking Price:3600000