Active

2588 HIGHWAY 158

JUNE lAKE CA, 93529-8059

$2,650,000


$374.51 per sqft

Active

7,076 sqft

Commercial

Built in 1973

Listed by Michele Hansen of Mammoth Village Properties, Contact: 760-914-0582 

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 facade 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 building's 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 industry's 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!

240268

MLS ID

May 18, 2024

Listed

June 11, 2024

Updated

Map

2588 HIGHWAY 158
JUNE lAKE CA, 93529-8059

Interior Features

Total Stories

2


Interior Features

Elevators, Extra Storage, Private Bathrooms, Handicap Access, Wall Bracket Video/Audio


Floor Description

Concrete Slab, Hardwood Floors, Stone, Tile, Vinyl Floors


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fans, Central Air


Heating

Yes


Heating Description

Propane, Forced Air

Exterior/Building Features

Lot Size

0.16 Acres


Exterior Features

Other/See Remarks, Handicap Access


Architectual Style

Free Standing, Restaurant, Restaurant/Fast Food, Wood Frame


Roof

Metal


Sewer

Public Water, Sewer Connected

Other Property Details

Area Name

June Lake


Garage

No


View

No


Pool

No


Buyer Agency Compensation

2.5%

Based on information from Mammoth Lakes Board of REALTORS® as of 6/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2024 Mammoth Lakes Board of REALTORS®. All rights reserved.

Data last updated 12:11 AM UTC, 6/11/2024

 

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