53783 Highway 245Miramonte, CA 93641

  • Retail properties
  • 2,460 SF
For Sale
$499,900 View listing

Property Details for 53783 Highway 245

Year built
1920
Construction
WOOD
Lot size
3.44 AC
Property size (Sq ft)
2,460 SF
Zone code
AG
Property type
Retail properties
Property subtype
Retail space
APN
195-120-37
APU
19512037

Description

Nestled in the majestic mountains before Sequoia National Park, this exceptional 2,460 square foot property presents a unique investment opportunity. Situated on 3.44 acres of land along CA-245 Highway, this established Pinehurst Lodge Bar and Grill boasts a Type 47 Liquor License, ensuring immediate revenue generation. The property includes a charming cabin currently renting for $180 per night, offering additional income streams and potential owner occupancy. Nine dry campsites ($50/night) and one full hookup site ($100/night) are already booked for the year via Hipcamp, demonstrating strong demand and established clientele. On-site amenities designed to enhance guest experiences include a pool table, horseshoe pits, a refreshing swimming pool, and a large patio ideal for live entertainment. The high-traffic location on CA-245 attracts visitors from around the globe, providing significant visibility and potential for growth. With ample space for expansion, the property offers exciting possibilities for adding more cabins, glamping sites, or even developing a wedding venue. This turnkey operation presents a rare chance to own a thriving mountain lodge with substantial income potential and significant room for future development. Priced at $499,900.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $512,655
    6.5%
    $473,220
    7%
    $439,419
  • Comparable approach

    Method
    Valuation
    Relative Method
    $823,193
    Geo Method
    $1,178,840
  • Alternative Use

    Use
    Valuation
    Residential
    $399,179
    Hospitality
    $365,646
    Educational
    $304,213
    Medical
    $314,675
    Retail
    $473,220
53783 Highway 245, Miramonte, California

Location Insight

City
Miramonte
County
Fresno
State
California
Latitude
36.6978
Longitude
-119.015
CBSA code
23420
CBSA name
FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,921
$81,600
$249,900
$331,500
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-
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