Bought with Destination Real Estate
$1,600,000
$1,625,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
2588 Highway 158 June Lake, CA 93529
7,076 SqFt
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,076 sqft
Price per Sqft $226
Subdivision Silver Lake Pines Tract 1
MLS Listing ID 250356
Sold Date 07/23/26
Construction Status Updated/Remodeled
HOA Y/N No
Lot Size 0.520 Acres
Property Sub-Type Mixed Use
Property 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!
Location
State CA
County Mono
Area June Lake
Interior
Interior Features Elevator, Handicap Access, Storage, Bar
Heating Forced Air, Propane
Cooling Central Air, Ceiling Fan(s)
Flooring Concrete, Hardwood, Stone, Tile, Vinyl
Fireplace No
Exterior
Exterior Feature Handicap Accessible
Parking Features Parking Available, On Site, Parking Lot
Utilities Available Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Connected
Roof Type Metal
Accessibility Accessible Elevator Installed, Parking, Accessible Approach with Ramp, Stair Lift
Building
Story Two
Entry Level Two
Sewer Connected
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Others
Tax ID 015-075-029-000 & 015-000
Security Features Prewired,Security System
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