For Sale
$7,700,000

6603 Lake Tulloch PlCopperopolis, CA 95228

Profitable waterfront business, California.

Overview

Added:
Dec 11, 2024
Days on market:
114
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

Property Details for 6603 Lake Tulloch Pl

Property type
Specialty properties, Marinas
Class
A
Units
67

Location Insight

City
Copperopolis
County
Calaveras
State
California
Latitude
37.907012714614
Longitude
-120.59535122315
6603 Lake Tulloch Pl, Copperopolis, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6603 Lake Tulloch Pl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message