REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Nicole Van Parys & Gary Nesen
Engel & Völkers Americas
nicole.vanparys@engelvoelkers.com +1(805) 795-1880Listed by Sachi Plummer • Real Estate eBroker Inc
$ 1,699,000
Est. payment /mo
Price Dropped by $51K
39904 Big Bear Boulevard Big Bear, CA 92315
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8N-2500128
Year Built 1935
Property Sub-Type Hotel/Motel
Property Description
6.41% Net Cap Rate of passive Income for the smart Investor!!! In 2019 everything was fully overhauled and beautifully renovated. That included structural, electrical, plumbing, walls, flooring, windows etc. even brand-new interior Fire Sprinkler system, as per current building codes. Absolute NNN Lease in place for the next 10+ years. Single Tenant pays Property Tax, All Insurance Cost, Maintenance, etc. Zero Owner Responsibility/passive Income. 6.41% CAP Rate. Buildings sit on over 1/2 acre and there are plenty of parking spots (approx.30) Fantastic Visibility and very easy access because the property is located directly on the Main Road (HWY 18 / Big Bear Blvd.) Close to All attractions! Walking distance and view of Big Bear Lake. Great Investment opportunity in this Southern California Darling Vacation Spot: "Big Bear Lake Winter and Summer Vacation Destination" Fully running Restaurant (famous USA Country Kitchen Franchise) with over 20 dining tables, big Kitchen, cellar for cooler and storage, and Mini Hotel with a total of 8 Guest rooms and 10 Bath rooms total. Most visited Ski Location in Southern California. Big Bear has approx. 3M+ annual visitors and approximately $30M are spent annually on Food and Beverages. Approx. $450M annually spent on general tourism and lodging on this famous S. California Tourist Destination.
Location
State CA
County San Bernardino
Area Big Bear Area
Zoning C
Building
Lot Description Level, Lot 20000-39999 Sqft, Park Nearby
Others
Virtual Tour https://www.youtube.com/watch?v=TlPO75TQ71I&t=11s
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944