Hospitality Lane is aland property for lease in Needles, CA.
3 commercial lots available! .98 acres on "J" Street right across the street from Denny's Restaurant and abutting Day's Inn Motel, 1.42 acres I-40 exposure with Lamar billboard on it abutting Day's Inn Motel, 2.41 acres on corner of Hospitality Lane & "J" Street across the street from Day's Inn Motel and Motel 6.
The Lamar billboard pays @ $6,200/annually, 3 years remaining on lease and with a 5 year option. The lease is for the area the sign sits on ONLY and NOT for the whole 1.42 acres. If you are looking at these properties based on an income standpoint from the sign, you're wasting your time...and mine.
Asking price is $.75/sq. ft. or $157,500 for all three parcels. It's a package deal if the property with the Lamar sign on it is included. No reason to sell just that lot only because the income more than pays for the property taxes for all three parcels. The other lots are available individually or together if you prefer.
4.81 Acres I-40 J St Exit This Lot/Land is located at 4.81 Acres I-40 J Street Exit, Needles CA. 4.81 Acres I-40 J St Exit is in the 92363 ZIP code in Needles, CA. This property is listed by John Kouri Real Estate - Independent Broker for $157,500. The average listing price for ZIP code 92363 is $263,169, which is higher than the list price for 4.81 Acres I-40 J St Exit.
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- Scott Warner, agent and Rofo Pro