This exceptional investment opportunity presents Drifters Marina & Grill, a thriving restaurant, bar, and marina situated on the picturesque shores of Lake Tulloch in Copperopolis, California. The property encompasses a substantial 70,132 square foot lot and features 48 wet slips and 19 dry slips housed in covered garage bays, providing convenient boat storage and launch capabilities. As the sole provider of marine fuel on the lake, Drifters enjoys a captive market of boaters. The restaurant, the only waterfront dining establishment on Lake Tulloch, holds an exclusive liquor license and operates seasonally from March to September, attracting significant crowds. Adding to its appeal, the sale includes a 1,958 square foot, two-bedroom, one-bathroom condominium located above the restaurant, offering stunning lake views and potential for owner occupancy or vacation rental income, estimated at an additional $60,000 per season. The property boasts advanced security systems with key card gated access, a private launch, and a best-in-class POS system. The asking price is $7,700,000, with a 6.00% cap rate. The property is zoned REC-PD and includes 19 loading docks. This unique offering presents a rare chance to acquire irreplaceable waterfront real estate with significant income potential and expansion opportunities, including the possibility of developing an adjacent undeveloped lot. A neighboring condo recently sold for $950,000. This Class A, Core+ investment is a truly unique opportunity.
Highlights
Fee Simple Ownership
48 Wet Slips and 19 Dry Slips in covered bays
Sole provider of dockside fuel on Lake Tulloch
Only waterfront dining establishment on Lake Tulloch with exclusive liquor license
Adjacent undeveloped lot available for expansion
Advanced security system with key card gated access and private launch
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Contacts
Josh Sheppard
David Kendall
Cameron Irons
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6603 Lake Tulloch Pl, Copperopolis, California, 95228
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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6603 Lake Tulloch Pl
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