Property Address: 2437 Main Street
Cambria, CA 93428
Contact: Nelson Hubbell, Owner
Hansen-McCoy Realty
2437 Main Street
Cambria, California 93428
Contact Email: nelsonhubbell@outlook.com
Contact Telephone: (805) 927-3222
Contact Toll-free: n/a
Contact Fax: n/a
Property URL: https://www.olallieberry.com
Date Business Established: 1/1/1976
Trade Association Affiliations: n/a
Financials Verified: Yes
Area Description: This Boutique Hotel is the romantic couple’s destination located on the central coastline in the seaside village of Cambria. Towering pines and miles of seashore are just some of the attractions the picturesque community of Cambria offers travelers along the famous scenic Highway 1 between San Francisco and Los Angeles. Cambria and the surrounding area provide a wealth of activities including Hearst Castle, Moonstone beach and the Piedras Blancas Lighthouse. Cambria is a passionate artist community and hosts year-round popular events and activities including wine tasting, art festivals, theater, international film festival, and music concerts.
Site Description: On the Register of Historic places, originally built in 1865, the Greek Revival Olallieberry Inn is a well-established and consistently successful landmark in Cambria. Rich in history and recognized as a five-star Inn, it is located in the heart of the historic village and easy walking distance to the many attractions in the village. This lovely property is surrounded by beautiful English gardens. The front yard boasts the largest coast redwood in Cambria and the backyard sits on the bank of the well-known Santa Rosa Creek which runs through the center of town to Moonstone Beach. In operation for over forty years, this Boutique Inn has been meticulously restored to its original vintage that honors its roots but with a relevant decor reflective of the Cambria’s vibrant art and music scene. The passion for art and music are reflected throughout the home by the collection of original paintings, musical instruments, and classic vinyl’s and turntable for guests to enjoy. Recognized as the best Bed & Breakfast in San Luis Obispo county this celebrated Inn features nine guest’s rooms, all include new beds, private baths and fireplaces. Each room features it’s own individual style and character and is furnished with lovely antiques, original art, luxurious bedding, and other well-appointed details. Many other amenities are provided including premium robes and towels and exclusive body and spa line of products. Modern luxury in an historic setting. From the beautiful Commercial kitchen, guests enjoy a full 3 course gourmet breakfast prepared by chef Dirk who has been with the Inn for over 18 years. The Inn is also famed for its wonderful cooking classes and traditional cookbooks. Coffee, tea and homemade cookies are always available in the afternoon, and home-made hors d’oeuvres and featured local wines are served during our nightly “garden party” on the deck overlooking the gardens, abundant bird life and flowing creek below. Please visit our website for additional photos and aerial video.
Structural Description: Originally built in 1865, this Historic Greek Revival Home includes a second Building. Each overlook English gardens and the Santa Rosa creek and are located right in the heart of the Historic Village. There are a total of 9 guests rooms. Each include a Fireplace their own private Bath.
Offering: Listing Details as follows
- Address: 2476 Main Street
- List Price: $2,500,000
- Price Per Sq. ft: $648
- County: San Luis Obispo
- Property Type: Mixed Use
- Sq. ft. 4000
- Lot: 0.53
- Year Built: 1865
- Sale Type: Standard
- Units Total: 2
- Building Status: Existing
- Please visit website for virtual tour
Highlights:
1) Newly renovated with meticulous attention to detail (approximately $375K invested in renovations and operational improvements)
2) Iconic Property with loyal clientele from over 40 years of operation
3) Turn-Key business with tenured staff
4) Minimum future Capital expenditures for new owner offering a lower cost of operation
5) Unique opportunity in high barrier to entry market/no construction of new Inns
6) Solid Time Proven business model with extensive long-term repeat customer base
7) Value-Add opportunities: adding guest’s rooms, increasing wedding business, special events, occupancy, room revenue and product sales. Owners work part-time with full-time staff – opportunity for new owners to reduce payroll expenses
8) Option for Owner’s living quarters
- Occupancy: n/a
- Average Daily Rate: n/a
- Income from Room Sales: n/a
- Property Taxes: n/a
- Electric: n/a
- Water & Sewer: n/a
- Gas: n/a
- Insurance: n/a