The historic Sweetwater Inn business is for sale and it includes a valuable bonus! An assignable purchase option agreement to buy, under market value, the land and structures where the business has been located for 38-years! A parcel of .45 of an acre, with rental cottages and multiple structures in the heart of Mendocino Village. This is a brilliant opportunity to own a popular, lucrative, steady business and purchase the real estate too! The option to purchase the real estate, is assignable to a new buyer with a purchase price of $1,500,000.00. The inn business which includes the valuable, assignable option, 38-years of client history, personal property, business equipment, goodwill, etc., is only $175,000.00. Total purchase price for both the business and real estate is $1,675,000.00. The purchase option for the real estate expires August 1st. At which time the current property owner will relist the property without the business and increase the price substantially. (Currently the purchase price in an off-market contract is under the assessed value noted in the public record.) Act now on this rare opportunity to secure a long-time, successful inn and save approximately $250,000.00 on the real estate purchase. Act now on this unique & valuable passive income property!
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Courtesy: Birdie & Howie Holmes, Mendocino Bayside Realty
Agent Office Phone: 707-357-4085
Agent License: 01361234 Office License: 01361234 Office Phone: 7073574085
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