Bikini hostel, cafe & beer garden hotel profitably operating for over 8 years, within 11,200 sq. ft, 35 rooms, over 200 beds, restaurant/bar with 188 capacity, 90 food service seats & 5am alcohol license. sits on 17,250 sq. ft. of land that has development rights to demolish the existing operation and build the last ground up opportunity allowed of a new hotel or condo-hotel on west ave. recent ordinance restricts others from development in the future. prior plans had design review board, variance, & entitlement approvals for: up to 6 stories, 34,500 sq. ft, 66 rooms with retail, restaurant/lounge to 5:00am alcohol license, venue space for special events and rooftop pool, cabanas or if 5 rooms less, an indoor night club/bar. seller will consider for half the list price a 50% joint venture.
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