List price buys 50% interest or seller would sell 100% for double the price. 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 & rooftop pool, cabanas or if 5 rooms less, night club/bar.
