For Sale
$1,900,000

42268 Moonridge RdBig Bear Lake, CA 92315

Profitable Big Bear Lake motel, 12 keys, renovated 2022.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 12-key motel nestled in Big Bear Lake, California. The property, known as Goldmine Lodge, boasts a charming Western theme and is situated on a spacious, nearly one-acre lot (43,560 sq ft) in a tranquil wooded area, yet conveniently located near Big Bear Blvd, Bear Mountain Ski Resort, and the zoo. The 5,936 square foot property features two buildings, each two stories high, and includes a separate, two-bedroom manager's house, offering additional rental income potential. The motel itself offers a mix of rooms with king or queen beds, and family-sized suites with one or two bedrooms, accommodating 20-30 guests. Many units are equipped with kitchenettes featuring microwaves, refrigerators, ranges, and ovens. The property underwent a significant renovation in 2022, transforming it from a dilapidated state to its current condition. Ample parking is available on-site. The property's location offers easy access to restaurants, grocery stores, hospitals, and other amenities. The expansive grounds provide opportunities for corporate events, weddings, or further expansion. This fee-simple ownership presents a rare chance to acquire a well-maintained, profitable hospitality business in a prime Big Bear Lake location. Built in 1965, the property is zoned for motel use (APN: 2328-213-19-0000). The asking price is $1,900,000 ($320.08/sq ft).

Highlights

  • Absentee-owned motel with significant upside potential.

Property Details for 42268 Moonridge Rd

Property type
Hospitality properties, Motels
Square Feet
5,936 SF
Year Built/Renovated
1965/2022
Buildings
2
Stories
2

Location Insight

City
Big Bear Lake
County
San Bernardino
State
California
Latitude
34.2429775
Longitude
-116.8798764
42268 Moonridge Rd, Big Bear Lake, California

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42268 Moonridge Rd
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