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2588 Highway 158

June Lake, CA 93529
  • $2,650,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 240268
UPDATED: 130 min ago
$2,650,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,076
    SQFT
  • $375
    $/SQFT
Type:
Commercial
Built:
1973
Area:

School Ratings & Info

Description

Presenting a unique property in one of California's last charming and unexploited mountain Communities, June Lake. This historic, iconic building has been a long time fixture in the "Alps of the Sierra" and is now ready for a new owner. The property has had substantial upgrades which include: Approx. 7,076 total square feet. *2 outdoor patios totaling 1,081 square feet * Two lots totaling .49 acres, including 114 feet of highway frontage * 3 separate businesses operated by one owner with long term lease in place * Upgraded electrical, HVAC, plumbing, New roof, exterior faade and signage, flooring, kitchen equipment, two new bar configurations including keg handles, painting, extensive drywall and tile, fire suppression, ventilation hood and sprinkler system, remodeled bath rooms and many other building enhancements * 100 person, best-in-class music venue with professionally designed sound system * Fully ADA compliant including elevator lift, ramp and 2 parking spots ***Class 47 liquor license* Approved plans for 132 panel solar array* The Loop Cam broadcasting from the buildings roof, showcasing the beauty of area. This is the opportunity for a quality life, to live and play in the Sierra while generating a substantial income and inheriting a fabulous tenant. June Lake has been experiencing a revitalization with several new businesses opening & an uptick in tourism since the pandemic. June Mountain is included on the Ikon Pass. This is the ski industrys largest portfolio and has been beneficial for winter visitation. With a commanding location as the first property when entering downtown, the Sierra Inn building has been a fixture in June Lake for many decades. Inside the building, there are three different successful businesses (pizzeria, restaurant/bar/nightclub and Latin restaurant) operated by one owner w/a long term lease in place. The historic building has been completely renovated & modernized. This is a HISTORIC COMMERCIAL PROPERTY with steady cash flow!

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© 2024 Mammoth Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rebecca Garrett - Mammoth Realty Group. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-06-18T19:51:38.707.

Licensed in the State of California.
www.yourmammothlakesrealtor.com/homes/150683023
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2588 Highway 158 June Lake, CA 93529

  • Price: $2,650,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 130 min ago
  • MLS #: 240268
0
Beds
0
Baths
0
½ Baths
0.49
Acres
7,076
SQFT
$375
$/SQFT
1973
Built
Neighborhood:
Silver Lake Pines Tract 1
Area:
June Lake
Property Description
Presenting a unique property in one of California's last charming and unexploited mountain Communities, June Lake. This historic, iconic building has been a long time fixture in the "Alps of the Sierra" and is now ready for a new owner. The property has had substantial upgrades which include: Approx. 7,076 total square feet. *2 outdoor patios totaling 1,081 square feet * Two lots totaling .49 acres, including 114 feet of highway frontage * 3 separate businesses operated by one owner with long term lease in place * Upgraded electrical, HVAC, plumbing, New roof, exterior faade and signage, flooring, kitchen equipment, two new bar configurations including keg handles, painting, extensive drywall and tile, fire suppression, ventilation hood and sprinkler system, remodeled bath rooms and many other building enhancements * 100 person, best-in-class music venue with professionally designed sound system * Fully ADA compliant including elevator lift, ramp and 2 parking spots ***Class 47 liquor license* Approved plans for 132 panel solar array* The Loop Cam broadcasting from the buildings roof, showcasing the beauty of area. This is the opportunity for a quality life, to live and play in the Sierra while generating a substantial income and inheriting a fabulous tenant. June Lake has been experiencing a revitalization with several new businesses opening & an uptick in tourism since the pandemic. June Mountain is included on the Ikon Pass. This is the ski industrys largest portfolio and has been beneficial for winter visitation. With a commanding location as the first property when entering downtown, the Sierra Inn building has been a fixture in June Lake for many decades. Inside the building, there are three different successful businesses (pizzeria, restaurant/bar/nightclub and Latin restaurant) operated by one owner w/a long term lease in place. The historic building has been completely renovated & modernized. This is a HISTORIC COMMERCIAL PROPERTY with steady cash flow!
Exterior Features

Exterior Wood Siding Exterior Features Other/See RemarksHandicap Access Parking Yes Parking Spaces 33+ Roof Metal Style Building Free StandingRestaurantRestaurant/Fast FoodWood Frame

Interior Features

Air Conditioning Ceiling FansCentral Air Floor Concrete SlabHardwood FloorsStoneTileVinyl Floors Heating PropaneForced Air Interior Features ElevatorsExtra StoragePrivate BathroomsHandicap AccessWall Bracket Video/Audio Sprinkler System Wet

Property Features

Available Financing CashConventional Documents On File Leases Equipment Inventory Yes Lease Yes List Type CommericalResidential Income & Vacant Land Listing Agreement Lot Unit 29/21 Number Of Units Three Property Condition Remodel Property Description Located In County Sale Rent For Sale Type Multi-Use Building Utilities ElectricGas Utilities Rental Includes Prop. Tax Vacant No Water Sewer Public WaterSewer Connected

Listing provided courtesy of Michele Hansen of Mammoth Village Properties:800-421-7005.
© 2024 Mammoth Lakes Board of Realtors.


© 2024 Mammoth Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rebecca Garrett - Mammoth Realty Group. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-06-18T19:51:38.707.

Licensed in the State of California.
 
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Rebecca Garrett - Mammoth Realty Group
501 Old Mammoth Road PO Box 100 - PBM #574
Mammoth Lakes CA, 93546