Mammoth Lakes- Main Street

Retail-Commercial for Sale
Catylist Listing ID: 30149086
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Sale Price: $1,400,000
Unit Price: $280 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Mammoth Center
Sale Terms: Cash to Seller
Cap Rate: 7.9%
Average Occupancy Rate: 100
Last Updated: 10/18/2018

Overview / Comments

Located in the Mammoth Lakes Ski Area community. Rated as one of the premier ski areas in the United States and recently purchased by Aspen Ski Associates.
The ski area has long been the ski destination for Southern California ski enthusiasts but in the past 10-15 years has truly turned into a real year round resort. The liquor store has been in this location since the building was built and the sporting goods store has been there since approximately 1975. The upstairs units consist of a 2 bedroom 1 bath which was completely remodeled a few years ago, there is also a one bedroom and one bath unit.
Please call listing agent for more information.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $9,862 (Annual)
Gross Operating Income $129,000 (Annual)
Net Operating Income $109,447 (Annual)
Lender Name Private not assumable
Loan Amount $760,000
Amortization Period 30 years

Additional Details

Nearest MSA: Fresno
County: Mono
Taxing Authority: Riverside
Tax ID/APN: 035-100-007
Zoning: CH
Retail Clientele: Traveler, Tourist, Recreation
Property Visibility: Excellent
Airports: Mammoth June Lakes
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1969
Roof Type: Gable
Total Parking Spaces: 10
Parking Type: Surface
Sprinklers: None
Heat Type: Propane
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,219 8,231 8,237
Median Age: 30.91 34.1 34.09
Households: 1,603 3,227 3,230

Contact

Sponsoring Organization

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