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$ 1,500,000
Est. payment | /mo
4,980 SqFt
$ 1,500,000
Est. payment | /mo
4,980 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,980 sqft
Price per Sqft $301
MLS Listing ID 142748
Year Built 1947
Lot Size 0.345 Acres
Acres 0.3453
Property Sub-Type Commercial
Property Description
This charming, mid-century, 16-room motel offers a blend of comfort, convenience, and reliable income in a prime location just a short stroll from downtown's restaurants and a local bakery. Each guest room is thoughtfully updated with stylish dcor, upgraded laminate flooring, refrigerator and microwave in each room, while select units feature full kitchens or kitchenettes for extended stays. The property includes a spacious three-bedroom manager's residence with a front office, currently undergoing remodeling.As part of an investment portfolio of four other properties in Bishop, this motel benefits from a contract with Mammoth Mountain each winter season to house overflow employees. Two of the portfolio properties for sale are right next door at 236 Lagoon St and 331 S Warren St. This is an exceptional opportunity for an investor seeking both stability and upside income potential.
Location
State CA
County Inyo
Area Out Of Area-Ca
Rooms
Other Rooms Three or More
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Tile, Other/See Remarks
Exterior
Utilities Available ElectricityAvailable, Propane, Water Meter
Roof Type Composition,Shingle
Building
Story One
Foundation Slab
Listed by Coldwell Banker Select - LTB
Nearby Locations
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Cindy Hipwell
REALTOR® | Lic# CA 01350620 NV BS145655