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$ 1,999,000
Est. payment | /mo
5,688 SqFt
$ 1,999,000
Est. payment | /mo
5,688 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,688 sqft
Price per Sqft $351
MLS Listing ID 143152
Year Built 1954
Lot Size 0.418 Acres
Acres 0.4184
Property Sub-Type Commercial
Property Description
This charming, mid-century, 16-room motel on a corner lot offers a blend of comfort, convenience, and reliable income in a central location located just a half mile west of Hwy 395 and across from the hospital, middle school, and high school. Each guest room is thoughtfully updated with stylish dcor, upgraded laminate flooring, refrigerator and microwave in each room, heat pumps provide heating and cooling while select units feature full kitchens or kitchenettes for extended stays, or 2 bedrooms for families or friends traveling together. Laundry room with commercial machines on site. The property includes a spacious 2 BR, 2 BA, 2-story manager's residence with a front office. All furnishings and equipment are to be sold with property.As part of an investment portfolio of five other properties in Bishop, this motel benefits from a contract with Mammoth Mountain each winter to house overflow seasonal employees. Three other portfolio properties for sale are right down the street 274 Lagoon St (El Rancho Motel), 236 Lagoon St, and 331 S Warren St next door. The other two are a fourplex on High St, and 7-unit apartment complex on Short 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
Zoning Commercial
Rooms
Other Rooms None
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Other/See Remarks
Exterior
Roof Type Composition,Shingle
Building
Story One
Foundation Concrete/Crawl Space
Listed by Coldwell Banker Select - LTB
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Cindy Hipwell
REALTOR® | Lic# CA 01350620