53783 Highway 245Miramonte, CA 93641

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 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.

• 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

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

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