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  • 1634sqft
  • $65,000Taxes
  • Price per sqft:

    $5501.84
  • Property Type:

    Land
  • Days on market:

    393 day(s)
  • View:

    Bay View

Asking Price$8,990,000

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Description

$8,990,000

Land of 17,250 sq. ft. is being sold to build a new hotel or condo. currently operating for over 8 years is bikini hostel, cafe & beer garden. a profitable 11,200 sq. ft. hostel hotel with 35 rooms, over 200 beds, restaurant / bar with 188 capacity, 90 food service seats and a 5am alcohol license. keep as is or demolish & develop the last ground up opportunity allowed of a new hotel or condo-hotel on west ave. recent ordinance restricts any 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 & rooftop pool & cabanas or build 61 rooms with everything previously mentioned plus an indoor night club/bar.

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