Specialty Real Estate
16505 Condit Road Morgan Hill, CA 95037
Details & Description
Price: $8,500,000
    The Executive Inn Suites is a well-maintained independent hotel offering 32 licensed tourist hotel rooms for both short and extended stays. It features 11,480 square feet of comfortable and spacious suites with wireless high-speed internet access, on-site laundry, plenty of work space, and separate living and sleeping areas. The convenient location allows for easy access to some of Morgan Hill's best restaurants, shopping centers, and outdoor venues.Situated on 1.75 acres, the property has the capacity to develop an additional 53 rooms on site. The property also includes a pool with outdoor grills and newly installed solar panels which drastically reduce the property's energy bill by approximately 50%.
    Property Highlights
     Property includes 32 standard rooms, junior suites, and jacuzzi rooms
     Potential for owner to develop an additional 53 hotel rooms on site
    Listing Agents
    Alexander Barker

    O: 415-480-0209
    M: 707-480-2591
    abarker@nainorcal.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    16505 Condit Road

    Morgan Hill, CA 95037

    Listing ID: 250176
    • 16505 Condit Road Morgan Hill, CA 95037 | for Sale | Photo 1
    • 16505 Condit Road Morgan Hill, CA 95037 | for Sale | Photo 2
    • 16505 Condit Road Morgan Hill, CA 95037 | for Sale | Photo 3
    16505 Condit Road | for Sale | Thumbnail 1
    16505 Condit Road | for Sale | Thumbnail 2
    16505 Condit Road | for Sale | Thumbnail 3
    Building Size: 11,480 SF
    Lot Size: 1.750 AC
    Land Size: 76,230 SF
    Building $/SF: $740.42
    Land $/SF: $111.50
    Price
    $8,500,000
    Property Highlights
    Property includes 32 standard rooms, junior suites, and jacuzzi rooms
    Easy access to Highway 101 as well as public transportation
    85 parking stalls situated on a large 1.75 acre lot
    Solar panels cut the electricity bill by approximately 50
    Potential for owner to develop an additional 53 hotel rooms on site
    Description

    The Executive Inn Suites is a well-maintained independent hotel offering 32 licensed tourist hotel rooms for both short and extended stays. It features 11,480 square feet of comfortable and spacious suites with wireless high-speed internet access, on-site laundry, plenty of work space, and separate living and sleeping areas. The convenient location allows for easy access to some of Morgan Hill's best restaurants, shopping centers, and outdoor venues.

    Situated on 1.75 acres, the property has the capacity to develop an additional 53 rooms on site. The property also includes a pool with outdoor grills and newly installed solar panels which drastically reduce the property's energy bill by approximately 50%.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    San Jose History of Specialty Real Estate for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Morgan Hill Area Market Trends

    Listing Demographics for 16505 Condit Road Morgan Hill, CA 95037

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population8,81947,30556,837
    Population Median Age373839
    Population by Age0-9 Yrs1232 (13%)6114 (12%)7171 (12%)
    10-19 Yrs1259 (14%)6860 (14%)8059 (14%)
    20-29 Yrs972 (11%)5169 (10%)6256 (11%)
    30-39 Yrs1259 (14%)5857 (12%)6846 (12%)
    40-49 Yrs1274 (14%)6452 (13%)7788 (13%)
    50-59 Yrs1372 (15%)7232 (15%)8824 (15%)
    60-69 Yrs912 (10%)5211 (11%)6503 (11%)
    70+ Yrs539 (6%)4410 (9%)5390 (9%)
    Median HH Income$105,739$125,279$124,849
    Total Household Income< 24K290 (9%)1137 (7%)1270 (6%)
    25-49K499 (16%)1885 (12%)2273 (12%)
    50-74K330 (10%)1681 (10%)2053 (11%)
    75-99K340 (11%)1807 (11%)2152 (11%)
    100-199K980 (31%)4927 (31%)5733 (31%)
    200K+640 (20%)4150 (26%)5001 (27%)
    Highest Education LevelNo Diploma48026293652
    Diploma or GED110253216756
    Some College146673818814
    Assoc. Degree63230273571
    Bachelors Degree1488888810293
    Higher Degree66045935420
    Total Housing Units3,14616,04719,117
    --Owner-Occupied1,97811,42113,670
    --Renter-Occupied1,1024,1664,811
    Owner-Occupied Values< 100K70243308
    100-199K50284356
    200-299K28165178
    300-399K70331373
    400-499K84356404
    500K+16741004312051
    Total Working Age Population6,79536,65144,396
    In Work Force4,82724,54929,410
    Not In Work Force1,96812,10114,986
    Workforce Employed4,56423,60328,294
    Workforce Unemployed2649461,115
    Civlian Workforce4,82724,54929,410
    Military Workforce000
    Total Households3,08015,58818,482
    Family Households2,32712,23014,676
    Non-Family Households7533,3583,805
    Married Couple1,7539,94911,918
    Other Family5752,2812,758
    Married w/Child8464,5165,184
    Single Male w/Child72265327
    Single Female w/Child249685813

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Santa Clara County1,682,585+61,781,642+121,996,394+102,194,079
    Santa Cruz County255,602+3262,382+6278,997+6296,728

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 16505 Condit Road in Morgan Hill?
    The asking price for 16505 Condit Road is $8,500,000
    What is the building size of this Specialty property in Morgan Hill, CA?
    The size of the building/unit at 16505 Condit Road in Morgan Hill is 11,480 square feet
    How much land does the Morgan Hill, CA property at 16505 Condit Road include?
    16505 Condit Road in Morgan Hill includes 1.750 acres of land
    What kind of Specialty is the propery at 16505 Condit Road?
    The property at 16505 Condit Road Morgan Hill, CA 95037 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 16505 Condit Road in Morgan Hill?
    The population within 1 mile of 16505 Condit Road Morgan Hill, CA 95037 is 8,819 people.
    Who do I contact for questions about 16505 Condit Road?
    You should contact the listing agent, Alexander Barker, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    945 McHenry Avenue, Modesto, CA $3,750,000 19875 2.16
    2004 McHenry Avenue, Modesto, CA CALL 43370 2.62
    8480 Edes Avenue, Oakland, CA $34,000,000 69299 3.54
    1431 17th Avenue, Oakland, CA CALL 9701 0.93
    2710 West March Lane, Stockton, CA CALL 59254 2.69
    5708 California 99, Stockton, CA $1,500,000 8000 0.76
    106 West Brannan Island Road, Isleton, CA $6,750,000 25000 10.16
    640 California 12, Rio Vista, CA $2,800,000 5216 0.44
    100 Soscol Avenue, Napa, CA $19,500,000 38883 2
    1401 Florin Road, Sacramento, CA $1,995,000 16735 1.5

    Closest Commercial Airports

    Airport Distance (mi)
    Norman Y. Mineta San Jose International Airport (SJC) 23
    Metropolitan Oakland International Airport (OAK) 52
    San Francisco International Airport (SFO) 53