Description
Solid Investment Opportunity - Large commercial property with strong cash flow in the Eastern Sierra. The 7,000+ square foot building has been fully remodeled, renovated and brought up to current standards and ADA compliance. Major building improvements include roof replacement, electrical, plumbing, exterior, fire suppression, HVAC, outdoor patio, ADA bathrooms, service elevator and world famous loop cam broadcasting from the roof. With a long-term tenant in place, this turn-key investment property nets over $100,000 annually, offering an excellent passive income stream and/or a 1031 exchange. The building houses three separate complementary businesses: A restaurant/bar that doublers as a nightclub/concert venue, a New York style pizzeria and authentic Mexican Restaurant, all operated by a 20+ year local family. The historic property is located at the entrance to the village of June Lake, a charming four season mountain community, 20 min north of Mammoth and 35 min from the entrance to Yosemite National Park. With four lakes, numerous hiking trails, a ski area and unlimited outdoor recreational opportunities, "The Loop" as it is affectionately known, has a strong history of over 100 years and a bright future ahead. Property Strengths: Premium real estate with strong cash flow and long-term stable tenant in place Building completely renovated, modernized and ADA compliant Ideal location entering June Lake Village with .5 acre of land and 110 feet of highway frontage. Class 47 liquor license, 2 outdoor decks with sweeping views Walking distance to June and Gull Lakes, June Mountain Ski Area (part of Ikon Pass) within 5 min drive, ample parking and best-in-class concert venue available to host events. This is a great opportunity for an individual or company to own a hard asset in a beautiful setting while generating monthly income. Priced for a quick sale! All interested parties are invited to attend a special open house concert on Sunday, June 8 at 9 pm.
